If the Long-Run Price Is Equal to Marginal Cost, Then

question 154

True/False

If the long-run price is equal to marginal cost, then the firm must be operating at efficient scale.

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Definitions:

Risky Behavior

Actions that involve potential exposure to harm or loss, often assessed in context of health or psychology.

Brain Volume

Refers to the size of the brain, often measured in cubic centimeters or milliliters, and considered important in neuroscience for comparing individual or group differences.

Conservation Skills

The understanding that certain properties of objects, such as volume or mass, remain the same despite changes in their form or appearance.

Alzheimers Disease

A progressive neurodegenerative disorder that affects memory, thinking, and behavior.