Both short-run and long-run average cost curves may be -shaped, but the explanations for their respective shapes

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‘Both short-run and long-run average cost curves may be -shaped, but the explanations for their respective shapes are quite different.’ Explain this statement.

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Economics

ISBN: 978-0273721307

7th edition

Authors: John Sloman, Alison Wride

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Question Posted: Nov 18, 2013 09:33 AM

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Both short-run and long-run average cost curves may be -shaped, but the explanations for their respective shapes

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