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A firm's long-run total cost function is C = 360 + 40Q + 100? a. What is the shape of the long-run average cost curve?

A firm's long-run total cost function is C = 360 + 40Q + 100? a. What is the shape of the long-run average cost curve? b. Find the output that minimizes average cost. c. The firm faces the fixed market price of $140 per unit. At this price, can the firm survive in the long run? Explain

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