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MBA,PHD, Juris Doctor
Strayer,Devery,Harvard University
Mar-1995 - Mar-2002
Manager Planning
WalMart
Mar-2001 - Feb-2009
Which statement is FALSE?
a) There are no fixed costs in the long run.
b) Fixed costs are zero if the firm is producing nothing.
c) Fixed costs do not depend on the firm's level of output.
d) Fixed costs are the difference between total costs and total variable costs
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