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Select all that apply With respect to the short-run average cost curves, what is true of the long-run average cost curve? Multiple select question. It

Select all that apply

With respect to the short-run average cost curves, what is true of the long-run average cost curve?

Multiple select question.

It equals short-run average cost when short-run curves use variable inputs optimally.

It lies above no point of the short-run average cost curves.

It equals short-run average cost when short-run curves use fixed inputs optimally.

It lies above every point of the short-run average cost curves.

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