Question: The vertical distance between the average variable cost and the average total cost curves gets smaller as more output is produced because this distance is

The vertical distance between the average variable cost and the average total cost curves gets smaller as more output is produced because this distance is equal to the: Multiple choice question. total fixed cost which declines as output increases. average fixed cost which declines as output increases. average marginal cost which declines as output increases. marginal cost which declines as output increases

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