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4. Suppose thatfixed costs are positive and marginal costs are decreasing. Then ATC will be: (i) U-Shaped (ii) Flat (iii) Downward sloping

4. Suppose thatfixed costs are positive and marginal costs are decreasing. Then ATC will be:

(i) U-Shaped

(ii) Flat

(iii) Downward sloping

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