The Long-Run Average Cost Curve Connects the Lower Part of the Short-Run

The long-run average cost curve connects the lower part of the short-run cost curves because ________.

A) the prices of inputs are less when acquired for a longer time period
B) firms have more flexibility to change input combinations in the long run
C) the specialization of inputs increases productivity only in the long run
D) firms earn positive profits in the long run

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