micro answers

micro answers - False…The average total cost curve is...

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product. True…In some cases, specialization allows larger factories to produce goods at a lower average cost than smaller factories. rue…In a long-run equilibrium, it is possible that some firms in a competitive market are making a positive economic profit. False….Diseconomies of scale often arise because higher production levels allow specialization among workers. True….A firm will shut down in the short run if revenue is not sufficient to cover its variable costs of production. True…The average total cost curve reflects the shape of both the average fixed cost and average variable cost curves. False…A distinctive feature of the average total cost curve is that it is upward sloping at every point. FALSE…A profit-maximizing firm in a competitive market will earn zero accounting profits in the long run. False…If the marginal cost curve is rising, then so is the average total cost
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micro answers - False…The average total cost curve is...

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