Question

explain the salient features of long run average cost curve

Answer 1

the salient features of long run average cost curve is that the cost of goods or increase day by day which causes many problems created and faced by poverty or poor people

Answer 2

The curve is a U one which means that as the cost of any good, product or service increases it tends to bring down the demand and the vice versa.

So this creates an imbalance as people do not indulge in buying and this is when things get worst for the sellers.

It is also referred to as Envelope curve.