Why are short-run average cost curves frequently u-shaped, Microeconomics

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Why are short-run average cost curves frequently u-shaped

Problem

Why are short-run average cost curves frequently U-shaped? Assume that the average cost curve is U-shaped: What is the relationship between the average and marginal costs? What does the total cost curve look like?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why are short-run average cost curves frequently u-shaped

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