True or False: In the long run, profit-maximizing firms seek to minimize their average cost.

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Price theory and applications

ISBN: 978-0538746458

8th edition

Authors: Steven E landsburg

Question Posted: Jan 24, 2013 08:17 AM

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True or False: In the long run, profit-maximizing firms seek to minimize their average cost.

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true first of all long run is the time period in which all cost becomes variable The pro...View the full answer

Price theory and applications

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