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A firm's capacity is defined as the level of output where a) the upper limit on what can be produced is reached. b)average total cost

A firm's capacity is defined as the level of output where

a) the upper limit on what can be produced is reached.

b)average total cost is at its maximum.

c) short-run average total cost is at its minimum.

d)average fixed costs are at a minimum.

e)marginal cost equals average variable cost.

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