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Suppose thatfixed costs are positive and marginal costs are decreasing. Then ATC will be: (i) U-Shaped (ii) Flat (iii) Downward sloping
Suppose thatfixed costs are positive and marginal costs are decreasing. Then ATC will be:
(i) U-Shaped
(ii) Flat
(iii) Downward sloping
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Essentials of Economics
Authors: N. Gregory Mankiw
8th edition
1337091995, 978-1337515351, 1337515353, 978-1337091992
