The Long run Average Cost curve (LAC) in modern cost theory isroughly

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Question:

The Long run Average Cost curve (LAC) in modern cost theory isroughly

A.

u shaped

B.

saucer shaped

C.

l shaped

D.

rectangular hyperbola

Answer» d. rectangular hyperbola

Note: The above multiple-choice question is for all general and Competitive Exams in India.