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QUESTION
A fixed cost: will exist only in the long run. is dependent of the level of output. cheese. will be positive, even if the firm doesn't produce any...
A fixed cost:
a. will exist only in the long run.
b. is dependent of the level of output.
c. cheese.
d. will be positive, even if the firm doesn't produce any output in the short run.
e. all of the above are correct.
