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In the long run normal profits are included in the curve...

This question belongs to Commerce Economics
Economics
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In the long run, normal profits are included in the _____ curve

Answer & Solution
Correct Answer: Option A
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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