What is the long-run average cost curve? What are the three ranges of output and in what order do they occur? Briefly define each of the three ranges.

Name: What is the long-run average cost curve? What are the three ranges of output and in what order do they occur? Briefly define each of the three ranges.
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The Answer of What is the long-run average cost curve? What are the three ranges of output and in what order do they occur? Briefly define each of the three ranges.

What Is the Long-Run Average Cost Curve? What Are the Three