A firm's long-run average cost curve is derived by adding together its short-run average total cost curves.

Name: A firm's long-run average cost curve is derived by adding together its short-run average total cost curves.
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The long-run average cost curve is derived by finding the lowest possible cost at which each output level can be produced when all inputs are variable, not by simply adding short-run average total cost curves.

A Firm's Long-Run Average Cost Curve Is Derived by Adding