Long-Run Equilibrium in a Competitive Price-Searcher Market Requires That

question 199

Multiple Choice

Long-run equilibrium in a competitive price-searcher market requires that

• A) the demand curve intersect the average cost curve.
• B) the demand curve be tangent to the average cost curve.
• C) price be equal to marginal cost.
• D) quantity produced be at the point where average cost is at a minimum.

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