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0. Indicate the correct code from the following types of the long-run average cost curves on which the minimum average cost of production in the long run can be determined: (i) Long-run average cost curve under normal production function. (ii) Long-run average cost curve under linearly homogeneous production function. (iii) Planning curve (iv) Envelope curve Choose the correct answer from the code given below: Code:
Only (i), (ii) and (iii)
Only (ii), (iii) and (iv)
Only (i), (iii) and (iv)
Only (ii) and (iv)
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