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The concept of long run cost is used in cost-volume-profit analysis and product mix analysis. The concept of long run cost is used in cost-volume-profit analysis and product mix analysis.

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In economics, the long run time frame assumes no fixed factors of production. This relates back to the long run average cost curve, an important factor in microeconomic models.

The concept of long run cost is used in cost-volume-profit analysis and product mix analysis.

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