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Average cost curves (except for average fixed cost) tend to be U-shaped, decreasing and then increasing. Marginal cost curves have the same shape, though this

Average cost curves (except for average fixed cost) tend to be U-shaped, decreasing and then

increasing. Marginal cost curves have the same shape, though this may be harder to see since

most of the marginal cost curve is increasing. Do you think that average and marginal cost

curves have the same general shape and why?

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