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

A major characteristics of a firm operating at a long-run equilibrium position is that ____________
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
Correct Answer: Option A
Explanation:

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