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A major characteristics of a firm operating at a long-run equilibrium position is that ...
Classroom
Economics Classroom
Neco
Neco 2005
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A major characteristics of a firm operating at a long-run equilibrium position is that ____________
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
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
Show Answer
Show Explanation
Correct Answer:
Option A
Explanation:
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