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February 21, 2020 4:59 pm

Assertion (A) : In the case of short run cost behaviour, MC curve intersects AC curve at its minimum
Reason (R) : While AC continues to decrease, MC begins to rise.
Also, when AC is at its minimum, it is neither increasing nor decreasing. It is constant when AC is constant, it is equal to MC at the point of intersection
Choose the correct option from those below

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