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19 vote

In the long run, normal profits are included in the _____ curve

Asked on by | Votes 19 | Views: 163 | Tags: general knowledge     | commerce     | economics     | Add Bounty

In the long run, normal profits are included in the _____ curve

A).  LAC

B).  LMC

C).  AFC

D).  SAC


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1 answers

37 vote
Answered by on | Votes 37 |

 LAC



In the long run, normal profits are included in the LAC curve. Long run average cost (LAC) can be defined as the average of the LTC curve or the cost per unit of output in the long run.

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