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The long-run average cost (LAC) curve associated with any long-run total cost curve shaped similarly to the short-run total cost curve will ____ as output
The long-run average cost (LAC) curve associated with any long-run total cost curve shaped similarly to the short-run total cost curve will ____ as output increases. Multiple choice question. rise, reach a maximum, and then fall fall, reach a minimum, and then rise rise continuously
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