#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
The long-run average total cost (LRATC) curve shows the minimum average total cost for each level of output assuming that the plant size (scale of the firm) can be adjusted
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owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p88