In Long- Run Equilibrium, for a Firm Which Is a Perfect

question 59

Multiple Choice

In long- run equilibrium, for a firm which is a perfect competitor in its input and its output markets:

• A)w = MRP = VMP for all inputs.
• B)MP/p is identical for all inputs.
• C)w = MRP < VMP.
• D)VMP is identical for all inputs.

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