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A firm's short-run cost curves, as conventionally drawn, show that A) ATC decreases and then increases as output increases. B) AVC decreases as long as
A firm's short-run cost curves, as conventionally drawn, show that
A)
ATCdecreases and then increases as output increases.
B)
AVCdecreases as long asMC>AVC.
C)
AFCincreases as output increases.
D)
ATC=TFC + TVC.
E)
theMCcurve intersects theAVCandATCcurves at their maximum points.
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