## Question

###### 16. value: 4.00 points 00 points All firms in a competitive industry have long-run total cost...

16. value: 4.00 points 00 points All firms in a competitive industry have long-run total cost curves given by LTCQ = Q2 +4Q. where Q is the firm's level of output. Could any firm actually have this particular LTC curve? (Click to select) Why or why not?

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