There are no fixed costs in the long run.

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There are no fixed costs in the long run.

Which statement is FALSE?

a) There are no fixed costs in the long run.
b) Fixed costs are zero if the firm is producing nothing.
c) Fixed costs do not depend on the firm's level of output.
d) Fixed costs are the difference between total costs and total variable costs

Johnson 09-Nov-2017

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There are no fixed costs in the long run.

There are no fixed costs in the long run.

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