A. an increase in short-run average cost
B. an increase in long-run average cost
C. a decrease in long-run average cost
D. a decrease in short-run average cost
Correct Answer:
Option B – an increase in long-run average cost
A. an increase in short-run average cost
B. an increase in long-run average cost
C. a decrease in long-run average cost
D. a decrease in short-run average cost
Correct Answer:
Option B – an increase in long-run average cost
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