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For the output level at which a given short-run average total cost (ATC) curve is tangent to the long-run average cost (LAC) curve, the long-run
For the output level at which a given short-run average total cost (ATC) curve is tangent to the long-run average cost (LAC) curve, the long-run marginal cost (LMC) is ____ the short-run marginal cost (SMC) curve. Multiple choice question. greater than equal to less than
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