Consider a Competitive Market with a Large Number of Identical

Multiple Choice

Consider a competitive market with a large number of identical firms.The firms in this market do not use any resources that are available only in limited quantities.In long-run equilibrium,how is market price determined

A) by demand
B) by the minimum point on the firms' average-total-cost curve
C) by the minimum point on the firms' average-variable-cost curve
D) by the number of firms in the industry