In long-run equilibrium under perfect competition, which of the following is price NOT equal to?
A) marginal revenue
B) average fixed cost
C) minimum average total cost
D) long-run marginal cost
Correct Answer:
Verified
Q98: FIGURE 8-8 Q99: FIGURE 8-7 Q100: At the level of output where marginal Q102: Which of the following statements best describes Q104: Why will a perfectly competitive firm continue Q105: Which of the following does NOT describe Q106: Which of the following best describes constant Q107: If input costs remain the same as Q108: In long-run equilibrium, at what output level Q118: Which of the following is most likely
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents