Multiple Choice
In long-run equilibrium a perfectly competitive firm will operate where the price is
A) greater than MR but equal to MC and minimum ATC.
B) greater than MR and MC,but equal to minimum ATC.
C) greater than MC and minimum ATC,but equal to MR.
D) equal to MR,MC and minimum to ATC.
Correct Answer:
Verified
Correct Answer:
Verified
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