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Answer : 1. "average cost"
Which of the following is an inverted 'U' shaped curve?
5Q:
Which of the following is an inverted 'U' shaped curve?
- 1average costtrue
- 2marginal costfalse
- 3total costfalse
- 4total costfalse
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Answer : 1. "average cost"
Explanation :
MP curve is an inverted U-shaped curve.