The following are cost data for four different size plants available to a competitive producer:

-Refer to the above information to answer this question.What will be the price of the product in the long run?
A)$55.
B)$70.
C)$65.
D)$75.
E)Cannot be determined.

Question

The following are cost data for four different size plants available to a competitive producer:
 
-Refer to the above information to answer this question.What will be the price of the product in the long run?
A)$55. 
B)$70. 
C)$65. 
D)$75. 
E)Cannot be determined.

Quizplus · Accepted Answer

The Answer is A

The Following Are Cost Data for Four Different Size Plants