(Answered) The period in which there are mo fixed costsThe period in which there are mo fixed costs

➤ How does having no fixed costs affect cost curves and production choices?
Without fixed costs firms minimize long-run average cost and set output where marginal cost aligns with competitive pricing. Economies of scale dictate optimal plant size. The long-run cost curve acts as a smooth envelope of short-run curves, guiding decisions about scale, technology, and entry or exit.