Why is the Average Total Cost curve is U-shaped in the short-run while it is L-shaped in

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Why is the Average Total Cost curve is U-shaped in the short-run while it is L-shaped in the long-run?

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Question Posted: Feb 01, 2018 07:39 AM

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Why is the Average Total Cost curve is U-shaped in the short-run while it is L-shaped in

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Economics

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