In the long-run, the firm produces only on/in the of the marginal cost curve.

upward-sloping par

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point of inflection

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part above ATC

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point of minimum

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Solution

The correct option is C part above ATC
In the long-run, the marginal cost has to be higher than the ATC and the firm only operates on this part.

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The long-run marginal cost curve of a firm is its supply curve for the long run. State true or false.

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