Why is the average total cost curve U-shaped?

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Exploring Microeconomics

ISBN: 9781544339443

8th Edition

Authors: Robert L. Sexton

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Question Posted: May 19, 2024 03:02 AM

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Why is the Average Total Cost curve is U-shaped in the short-run while it is L-shaped in the long-run?
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Why is the average total cost curve U-shaped?

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Exploring Microeconomics

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