In the Long-Run Equilibrium of a Competitive Market, the Number

Multiple Choice

In the long-run equilibrium of a competitive market, the number of firms in the market adjusts until the market demand is satisfied at a price equal to the minimum of

A) average fixed cost for the marginal firm.
B) marginal cost of the marginal firm.
C) average total cost of the marginal firm.
D) average variable cost of the marginal firm.