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Which of the following statements is false? Perfects complements and perfect substitutes in production are very rare. The long-run total cost curve shows us the
Which of the following statements is false?
Perfects complements and perfect substitutes in production are very rare.
The long-run total cost curve shows us the specific total cost for each output amount when the firm is minimizing input costs.
A company's expansion path is a curve that shows the cost-minimizing amount of each input for every level of output.
Input demand functions describe the optimal amount of a specific production input for every level of output.
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