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Which of the following statements is not correct?

Which of the following statements is not correct?

Which of the following statements is not correct?


[A]The fixed cost of a firm in the long run will be less than the fixed cost of the firm in the short run
[B]Fixed costs are not dependent on the firm’s level of output
[C]The difference between average total cost and average variable cost indicates the amount of average fixed cost of a firm
[D]With the increase in output, the average fixed cost of the firm initially decreases at a decreasing rate and later at an increasing rate

Roshan kumar 12-Jan-2018

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