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Question for Microeconomics. Prod. Costs & Perfect Comp If the marginal cost is falling, what must be true about average variable cost and average total

Question for Microeconomics.

Prod. Costs & Perfect Comp

If the marginal cost is falling, what must be true about average variable cost and average total cost?

Describe why the long-run supply curve in an industry may be upward sloping? Give an example of such industry.

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