Question: Assume both the marginal cost and the average variable cost curves are U - shaped. At the minimum point on the AVC curve, marginal cost

Assume both the marginal cost and the average variable cost curves are U-shaped. At the minimum point on the AVC curve, marginal cost must be:
a.at its minimum.
b. greater than the average variable cost.
c.equal to the average variable cost.
d.less than the average variable cost.

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