-In the long run,a perfectly competitive firm facing the same costs as in Figure 11.3 would produce ________ units and charge ________ per unit.

Name: -In the long run,a perfectly competitive firm facing the same costs as in Figure 11.3 would produce ________ units and charge ________ per unit.
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In the long run, a perfectly competitive firm will produce at the point where marginal cost equals price. In Figure 11.3, this occurs at an output of 11 units and a price of $48 per unit.

-In the Long Run,a Perfectly Competitive Firm Facing the Same