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The origins of the Vietnam War, in part, lie in the process of decolonization because
Long-Run Average Cost Curve
A graphical representation that shows the lowest cost at which a firm can produce any given level of output in the long run, when all inputs are variable.
ATC
The abbreviation for Average Total Cost, which is the total cost divided by the number of goods produced.
Fixed Cost
Costs that do not vary with the level of output or production, such as rent or salaries.
Variable Cost
Costs that vary directly with the level of output or production volume, such as materials and labor expenses.
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