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Exam Question

Marginal cost (MC) curve intersects the

  • 1. ATC and AFC curves at their minimum points
  • 2. “ATC, AVC and AFC curves at their minimum points”
  • 3. AVC and AFC curves at their minimum points
  • 4. ATC and AVC curves at their minimum points

View Answer

Answer 1. ATC and AFC curves at their minimum points

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