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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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