-If this firm were a perfect competitor,at what price would it charge in the long run?
A)$10.10
B)$12.80
C)$14.20
D)$15.90

Name: -If this firm were a perfect competitor,at what price would it charge in the long run? A)$10.10 B)$12.80 C)$14.20 D)$15.90
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Question

-If this firm were a perfect competitor,at what price would it charge in the long run?
A)$10.10 
B)$12.80 
C)$14.20 
D)$15.90

Quizplus · Accepted Answer

In the long run, a perfect competitor charges a price equal to the minimum point of its average total cost (ATC) curve, which is typically where the firm breaks even.

-If This Firm Were a Perfect Competitor,at What Price Would