In Long-Run Equilibrium, Output Is Expanded to the Minimum Long-Run

question 77

Multiple Choice

In long-run equilibrium, output is expanded to the minimum long-run average total cost by

• A) price takers but not by competitive price searchers.
• B) competitive price searchers but not by price takers.
• C) both competitive price searchers and price takers.
• D) neither price takers nor competitive price searchers.

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