Question: Average cost curves (except for average fixed cost) tend to be U-shaped, decreasing and then increasing. Marginal cost curves have the same shape, though this

Average cost curves (except for average fixed cost) tend to be U-shaped,

decreasing and then increasing. Marginal cost curves have the same shape, though

this may be harder to see since most of the marginal cost curve is increasing. Do

you think that average and marginal cost curves have the same general shape and

why?

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