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Refer to the following graph. This set of cost curves is: A ) wrong because the average fixed cost curve is drawn incorrectly. B )
Refer to the following graph.
This set of cost curves is:
A wrong because the average fixed cost curve is drawn incorrectly.
B wrong because the average fixed cost curve is shown to be below the average variable cost.
C wrong because the average total cost and the marginal cost curves are reversed.
D correct.
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