Examlex
The long-run average cost curve will be upward-sloping when the firm has:
Gas Station
A retail business establishment that sells fuel and engine lubricants for motor vehicles.
Prices Charged
The amount of money demanded by a business in exchange for its goods or services.
Long Run
A period during which all factors of production and costs are variable, allowing firms to adjust to desired levels.
Gas Station
A retail establishment that sells fuel and often other goods or services to motor vehicle customers.
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