For Firms with Constant and Equal Long-Run Marginal Cost Curves,the

question 74

Multiple Choice

For firms with constant and equal long-run marginal cost curves,the Cournot equilibrium occurs at:

• A)the point of intersection of the firms' reaction curves.
• B)the point where price equals marginal cost.
• C)the point where the demand curve is tangent to the marginal cost curve.
• D)the point of intersection of one firm's reaction curve and the demand curve.

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