Much of the empirical evidence on the behavior of costs for real-world firms sug

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Much of the empirical evidence on the behavior of costs for real-world firms suggests that: there is no relationship between the marginal and average variable costs of production. for many firms, marginal and average variable costs are constant over wide ranges of output. average costs functions are U-shaped as suggested by economic theory. for most firms, marginal costs are declining in the range in which the firms operate. Much of the empirical evidence on the behavior of costs for real-world firms suggests that: there is no relationship between the marginal and average variable costs of production. for many firms, marginal and average variable costs are constant over wide ranges of output. average costs functions are U-shaped as suggested by economic theory. for most firms, marginal costs are declining in the range in which the firms operate. there is no relationship between the marginal and average variable costs of production. for many firms, marginal and average variable costs are constant over wide ranges of output. average costs functions are U-shaped as suggested by economic theory. for most firms, marginal costs are declining in the range in which the firms operate.

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for many firms, marginal and average variable costs are constant over wide ranges of output.

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Much of the empirical evidence on the behavior of costs for real-world firms sug

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