Explain why the long-run total cost curve, not the short-run total cost curve, shows the lowest cost ...

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Explain why the long-run total cost curve, not the short-run total cost curve, shows the lowest cost ...

Explain why the long-run total cost curve, not the short-run total cost curve, shows the lowest cost of producing any level of output. Is there an exception?

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Microeconomics

Edition: 6^th

Author: Perloff

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Llanis Author

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6 years ago

Thank you, thank you, thank you!

annielin111

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Thanks for your help!!

dianeflunder

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Correct

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