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Question
The average-cost curves (AVC) of physical products and digital products
A) are different because the AVC of digital products declines as quantity increases forming an L-shape, while the AVC of physical products is U-shaped.
B) are both U-shaped.
C) are both L-shaped.
D) are different because the AVC of physical products declines as quantity increases forming an L-shape, while the AVC of digital products is U-shaped.
Answer
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