Which of the Following Statements Is True

question 169

Multiple Choice

Which of the following statements is true?

• A) In the long run, the average cost curve is always downward sloping.
• B) In the long run, the quantities of all inputs are fixed.
• C) In the long run, the firm's fixed costs are greater than its variable costs.
• D) In the long run, all costs are variable costs.
• E) In the long run, the total variable cost equals the total fixed cost.

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