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How is a long run average cost curve different from short run average cost curve

How is a long run average cost curve different from short run average cost curve
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How is a long run average cost curve different from short run average cost
curve

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User Kobus Smit
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1 Answer

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Answer: in the short run, fixed assets are held fixed, whereas, in the long run, all costs are variable.

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User Ashley Staggs
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