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A major characteristics of a firm operating at a long-run equilibrium position is that ...

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** Free 2024 Post UTME CBT Practice**

Take Free Practice Test On 2024 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A major characteristics of a firm operating at a long-run equilibrium position is that ____________

A. all costs can be varied
B. average variable cost is fixed
C. fixed cost can not be changed
D. marginal cost is fixed
E. only variable cost changes




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