Which of the Following Does NOT Represent a Possible Shape

question 29

Multiple Choice

Which of the following does NOT represent a possible shape of the long-run average cost curve?

• A)downward sloping
• B)upward sloping
• C)U-shaped
• D)vertical

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Definitions:

Economic Rewards

Financial or non-financial gains received as a result of one's investment or labor.

Economic Penalties

Financial sanctions imposed on individuals, organizations, or countries to enforce laws or regulations, or as punishment for violations.

Population Control

Strategies or policies aimed at regulating the growth of a human population.

Existing Customs

Traditions or practices that have been established over time within a particular culture or society.