Categories Economics Long Run Cost is also known as _____________ cost. Post author By thelooknow Post date March 22, 2022 A. Planning Cost B. Ex-ante Cost C. Both a & b D. None of the above CORRECT ANSWER IS: Both a & b ← Graphically, Marginal Cost curve cuts average total cost curve and Average variable cost curve from its ___________ point → Perfect competition is defined as the _______________ of rivalry.