If a Firm's Short-Run Average Cost Curves Are U-Shaped, Does

question 18

Essay

If a firm's short-run average cost curves are u-shaped, does this imply that the long-run average cost curve must also be u-shaped?

---

Definitions:

Acceptable Name

A term used to describe a name that is officially recognized and conforms to the standards set by a governing body, such as in chemistry or taxonomy.

Compound

A chemical entity consisting of a combination of elements in a specific ratio, forming a substance with unique properties.

Acceptable Name

A name that meets the standard nomenclature rules set by IUPAC or other governing bodies, suitable for use in scientific contexts.

Acceptable Name

A term used to indicate a name for a chemical compound that is approved by a recognized authority, such as the International Union of Pure and Applied Chemistry (IUPAC).