In the Long-Run Equilibrium, Which of the Following Is at Its

question 98

Multiple Choice

In the long-run equilibrium, which of the following is at its minimum point?

• A)Price
• B)Average variable cost
• C)Average fixed cost
• D)Average total cost
• E)Marginal cost

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A business approach that focuses on providing outstanding customer service and value to achieve loyalty and superior customer satisfaction.

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Businesses that are owned, operated, and situated within a specific local community or area.

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The relationship between a product’s or service’s benefits and its cost.