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The short-run average total cost (A) is always equal to the long-run average total cost. (B) is always lower than the short-run marginal cost. (C)
The short-run average total cost (A) is always equal to the long-run average total cost. (B) is always lower than the short-run marginal cost. (C) cannot not be lower than the long-run average total cost. (D) is part of the short-run supply curve. (E) None of the above.
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