The following graph showing a perfectly competitive firm's long-run cost curves.

-In long-run competitive equilibrium, the firm will produce __________ units of output and sell them at a price of $________ if this is a constant cost industry.

Question

The following graph showing a perfectly competitive firm's long-run cost curves.
 
-In long-run competitive equilibrium, the firm will produce __________ units of output and sell them at a price of $________ if this is a constant cost industry.

Quizplus · Accepted Answer

The Answer of The following graph showing a perfectly competitive firm's long-run cost curves.
 
-In long-run competitive equilibrium, the firm will produce __________ units of output and sell them at a price of $________ if this is a constant cost industry.

The Following Graph Showing a Perfectly Competitive Firm's Long-Run Cost