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MC2. At the minimum point of a firm's short-run average total cost curve: (a) it is at the short-run equilibrium position. (b) it will have

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MC2. At the minimum point of a firm's short-run average total cost curve: (a) it is at the short-run equilibrium position. (b) it will have zero output. (c) average total cost is minimised for a particular amount of (fixed) capital. (d) average total cost is greater than marginal cost

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