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Avc and fc are some constant amount

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Reference no: EM132559563

If a firm organized as a corporation is making long run decisions, which of the following is true?

a) ATC > AVC > AFC

b) None of the other options are correct.

c) ATC = AVC and AFC is downward sloping

d) ATC > AVC and AFC may be greater than or less than AVC.

e) ATC= AVC and FC are some constant amount

Reference no: EM132559563

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