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Which statement below is FALSE?   Group of answer choices In the short run, usually one or...

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Economics

Which statement below is FALSE?   Group of answer choices In the short run, usually one or more but certainly not all factors of production are variable. In the short run, a competitive firm maximizes profit where average cost equals average revenue. In the short run, a competitive firm seeking to maximize profit would shut down if average variable cost were to exceed price. In the long run, all factors of production are variable.

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