When the average total cost is at its minimum, it is:
a. equal to average variable cost.
b. greater than marginal cost.
c. equal to average fixed cost.
d. equal to marginal cost.
e. less than marginal cost.
d
Economics
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c. borrows from the U.S. Treasury. d. purchases equities in major U.S. corporations.
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Which of the following is not characteristic of imperfect competition?
A) homogeneous products B) barriers to entry C) few buyers and sellers D) Both A and C
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