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Under constant returns to scale, which costs are all equal at minimum SRAC?
ASRMC, LRMC, LRAC, SRAC
BAFC, AVC, FC and VC
CTFC, TVC, TC and Q
DAR, MR, price and TR
Answer & Solution
Correct answer: A. SRMC, LRMC, LRAC, SRAC
With constant returns the short-run and long-run curves meet at their common minimum, where marginal equals average.
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