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Long-Run Average Total Cost Is Equivalent to

Question 80

Multiple Choice

Long-run average total cost is equivalent to


A) long-run average variable cost.
B) long-run average fixed cost.
C) long-run average fixed cost plus long-run variable cost.
D) long-run average fixed cost minus long-run variable cost.
E) long-run average variable cost minus long-run opportunity cost.

Correct Answer:

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