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7.3 The structure of costs in the long run  (Page 26/26)

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  • Card 26 / 26:
    short-run average cost (SRAC) curve

    the average total cost curve in the short term; shows the total of the average fixed costs and the average variable costs

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Practice FlashCards 13 Key Terms 5

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Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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