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Short Run/Long Run Cost

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You read a story in the newspaper about the "economy of mass production". This means that
a. total cost is less a larger levels of production
b. long run average costs is less at larger levels of production
c. marginal cost is less at larger levels of production
d. fixed cost is less at larger levels of production

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The expert examines short run and long run costs for an economy of mass production.

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