Multiple Choice
The figure shown indicates two diseases with genetic links that are common in industrialized nations.The fact that both are about 80-90% avoidable indicates that 
Identify and describe the shapes and relationships of cost curves including ATC, AVC, AFC, and MC.
Distinguish between short-run and long-run decision-making in businesses.
Comprehend the concept of economies and diseconomies of scale and their impact on the firm's cost structure.
Understand the conditions under which a firm should continue operations or shut down in the short run.
Definitions:
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