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Please answer correct explain plz asap Don't answer by pen paper plz. Given some output Q, why is it that a short-run cost is generally
Please answer correct explain plz asap
Don't answer by pen paper plz.
Given some output Q, why is it that a short-run cost is generally higher than a long-run cost? For example, the LRAC is lower than all SRACs, LRTC is lower than SRTCs, etc.
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