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Doctors Medicines MCQs Q&A

  1. Long-run average cost (LAC) curves
  2. Short-run average cost (SAC) curves
  3. Average variable cost (AVC) curves
  4. Average total cost (ATC) curves
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1 Answers

Answer: Option 2

Short-run average cost (SAC) curves is also known as plant curves. These SACs are also called plant curves. In the short run, a firm can operate on any SAC, given the size of the plant.

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