The long-run average cost curve touches to the short-run average cost curves at the

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Economics JAMB 2012

The long-run average cost curve touches to the short-run average cost curves at the

  • minimum points of all short run average cost curves
  • declining points of all short-run average cost curves
  • minimum point of only one of the short-run cost curves
  • rising points of all short-run average cost curves checkmark

The correct answer is: D

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