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Figure 12.1.2 -Which of the Following Is True for Both Perfectly Competitive

Question 91

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Figure 12.1.2 -Which of the following is true for both perfectly competitive and monopolistically competitive firms in the long run? A) P = MC. B) MC = ATC. C) P > MR. D) Profit equals zero. Figure 12.1.2
-Which of the following is true for both perfectly competitive and monopolistically competitive firms in the long run?


A) P = MC.
B) MC = ATC.
C) P > MR.
D) Profit equals zero.

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