petergriffin940 petergriffin940

23-04-2024
Business

Answered

The fixed cost curve is always higher than the average variable cost curve for most US businesses according to the standard microeconomic theory.

1.This statement is false.
2.This is simply true and all market structures presented in our textbook.
3.This is true mainly because most US businesses have this cost structure.
4.We need to see audited financial statements before we can answer this.

Answer :

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