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The type of relationship that you postulate between short-run and long-run average cost curves that is not U shaped is the external limiting relationship.

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Abigail Minner

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Q: What kind of relationship you postulate between short-run and long run average cost curves when these are not U shaped?
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What kind of relationship would you postulate between short-run and long-run average cost curves when these are not you-shaped as suggested by the modern theories?

what kind of relationship would you postulate between short run and long run average cost curves when these are not u shaped as suggested by the modern theories.


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