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In the short-run if the marginal cost of a firm in a competitive industry is upward sloping while its average variable cost is downward sloping what can you say about slope of average total cost

In the short-run, if the marginal cost of a firm in a competitive industry is upward sloping while its average variable cost is downward sloping, what can you say about slope of average total cost?

Jun 06 2020 View more View Less

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