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In the long run, which of the following is true? Question 14 options: LRATC must decrease as output increases LRATC cannot be any greater than
In the long run, which of the following is true? Question 14 options: LRATC must decrease as output increases LRATC cannot be any greater than average costs in the short run at any given output level Inputs become increasingly less effective substitutes for each other Firms will increase production as long as they are experiencing diseconomies of scale
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