What is the shape of the AFC (average fixed cost) curve and why does it have this shape?

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter22: Supply: The Costs Of Doing Business
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What is the shape of the AFC (average fixed cost) curve and why does it have this shape?
Transcribed Image Text:What is the shape of the AFC (average fixed cost) curve and why does it have this shape?
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