Which of the Following Is Not a Condition of Long-Run

question 109

Multiple Choice

Which of the following is not a condition of long-run equilibrium for perfectly competitive firms?

• A)price is equal to marginal cost
• B)price is equal to minimum short-run average total cost
• C)price is equal to minimum long-run average cost
• D)price is equal to marginal revenue
• E)economic profit is positive

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