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The Accompanying Graph Shows the Long-Run Supply and Demand Curves

Question 72

Multiple Choice

The accompanying graph shows the long-run supply and demand curves in a purely competitive market. We know that when this market reaches equilibrium, the marginal A) cost equals marginal benefit. B) benefit exceeds marginal cost. C) cost exceeds marginal benefit. D) cost equals zero. The accompanying graph shows the long-run supply and demand curves in a purely competitive market. We know that when this market reaches equilibrium, the marginal


A) cost equals marginal benefit.
B) benefit exceeds marginal cost.
C) cost exceeds marginal benefit.
D) cost equals zero.

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