The point on which the average cost is minimum in a firm short-run average cost curve will also be the minimum cost point on the firm's long run average cost curve. This is true
| A. | When LAC is falling |
| B. | Never |
| C. | Always |
| D. | Only at that level of output when LAC is at its minimum |
Answer : D Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
