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Business, 10.08.2021 03:20 mathewsjayden45
The minimum possible average total cost Of producing rubbing alcohol in the long run is $2 per bottle. Suppose in the perfectly competitive rubbing alcohol industry firms are receiving a price of $4 per bottle for their product in the short run and there are constant returns to scale. Other things being equal, it follows that:
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The minimum possible average total cost Of producing rubbing alcohol in the long run is $2 per bottl...
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