Long-run average cost of the perfectly competitive firm includes the
A) cost of raw materials per unit of output.
B) opportunity cost of labor per unit of output.
C) opportunity cost of capital per unit of output.
D) All of the above are correct.
Correct Answer:
Verified
Q145: Figure 10-8 Q146: Figure 10-7 Q149: Figure 10-8 Q150: If you must determine the long-run equilibrium Q152: The process of adjustment to a new Q168: An increase in market demand will cause Q176: Which of the following statements is not Q185: A perfectly competitive industry in long-run equilibrium Q190: The market for a perfectly competitive industry Q191: Figure 10-7 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
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