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प्रश्न
The Long Run Average Cost (LAC) curve is also called ______.
पर्याय
Fixed cost curve
Envelope curve
Demand curve
Revenue curve
MCQ
रिकाम्या जागा भरा
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उत्तर
The Long Run Average Cost (LAC) curve is also called Envelope curve.
Explanation:
The LAC curve is called the envelope curve because it surrounds all the short-run average cost curves and just touches them.
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