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Cost Curves in the Long Run Differ from Cost Curves

question 27

True/False

Cost curves in the long run differ from cost curves in the short run.

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Definitions:

Coherent

Logically connected or consistent; in physics, waves having a constant phase relationship.

Consistent

Marked by harmony, regularity, or steady continuity; free from variation or contradiction.

Disjunction

A logical operation yielding a truth value of true if at least one of the operands is true; often represented with the word "or" in logic.

Consistent

A property of a set of statements that allows them all to be true at the same time without contradiction.

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