For a firm to break even in the long run, the marginal cost curve must...
ECONOMICS
JAMB 2005
For a firm to break even in the long run, the marginal cost curve must cut the
- A. average variable cost curve at its higest point
- B. average cost cure at its lowest point
- C. average cost curve at its lowest point
- D. total cost cure at its lowest point
Correct Answer: C. average cost curve at its lowest point
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