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Homework answers / question archive / The long-run average costs for a firm will never be higher than the short-run average costs, no matter how much output has been produced

The long-run average costs for a firm will never be higher than the short-run average costs, no matter how much output has been produced

Accounting

The long-run average costs for a firm will never be higher than the short-run average costs, no matter how much output has been produced." Ts this true or false, and why?

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