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Consider a firm making production decisions in the long run. Select the statement(s) that must be correct. x Choose one or more: O A. Average
Consider a firm making production decisions in the long run. Select the statement(s) that must be correct. x Choose one or more: O A. Average total cost will always exceed average variable cost. O B. Average total cost cannot decline as output increases, at any level of output. C. Average total cost is flatter than the short-run average total cost. O D. Average variable cost is flatter than the short-run average variable cost
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