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eturn to Site 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 23 24 25 26 27 (8 of 27) What is the shape of the long-run average cost curve? Answer: The long-run average cost curve is a minimum, then starts increasing. -shaped curve; long-run average cost decreases first, reaches a

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