If You Must Determine the Long-Run Equilibrium Output of a Perfectly

question 203

Multiple Choice

If you must determine the long-run equilibrium output of a perfectly competitive firm and you are permitted to see only one curve, which of the following curves is most helpful?

• A)demand 
• B)marginal cost 
• C)average cost 
• D)average fixed cost

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The process of gathering voluntary contributions of money or other resources for the benefit of an organization, cause, or individual.

Donation

The act of giving something voluntarily without expecting compensation, typically for charitable purposes or to benefit a particular cause.

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Beliefs or propositions that are widely accepted within a culture, often without question due to their perceived self-evident truth.

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Norms for routine or casual interaction that guide everyday behavior in society, without serious moral significance.