-If the Firm Were a Perfect Competitor in the Long

question 59

Short Answer

-If the firm were a perfect competitor in the long run,how much would its price be?

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Definitions:

Double

A data type in programming that is used to represent decimal numbers with double precision floating-point format.

OR Operator

It is a logical operator used in programming languages to combine two or more conditions. It returns true if at least one condition is true.

Negation Operator

A unary operator used in many programming languages to invert the truth value of a boolean expression.

Pseudocode

A simplified, notational form of a computer programming code not executable by the computer but understandable to programmers.