If the short-run cost curve of a firm is U-shaped, the marginal and average cost…

If the short-run cost curve of a firm is U-shaped, the marginal and average cost are equal where the
  • A.
    average variable cost is minimum
  • B.
    marginal cost is falling
  • C.
    average cost is minimum
  • D.
    average fixed cost is falling
Correct Answer: Option C
Explanation
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