Where Long-Run Average Cost Equals Short-Run Average Cost

question 48

Multiple Choice

Where long-run average cost equals short-run average cost:

• A) short-run average cost is minimized.
• B) long-run average variable cost equals short-run average variable cost.
• C) long-run average cost equals long-run marginal cost.
• D) long-run average cost is minimized.
• E) long-run marginal cost equals short-run marginal cost.

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