In the long run,perfectly competitive firms produce a level of output such that:
A) P = MC.
B) P = minimum of AC.
C) P = MC and P = minimum of AC.
D) None of the preceding answers is correct.

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The Answer of In the long run,perfectly competitive firms produce a level of output such that:
A) P = MC.
B) P = minimum of AC.
C) P = MC and P = minimum of AC.
D) None of the preceding answers is correct.

In the Long Run,perfectly Competitive Firms Produce a Level of Output