In Long-Run Equilibrium a Perfectly Competitive Firm Will Operate Where

question 47

Multiple Choice

In long-run equilibrium a perfectly competitive firm will operate where the price is

• A)greater than MR but equal to MC and minimum ATC.
• B)greater than MR and MC,but equal to minimum ATC.
• C)greater than MC and minimum ATC,but equal to MR.
• D)equal to MR,MC and minimum to ATC.

---

Definitions:

Leading Questions

Questions that suggest a particular answer or are constructed in a way that tends to lead the respondent towards a desired answer.

Biased

Showing an unfair inclination or prejudice for or against someone or something, often leading to unjust practices.

Health Histories

Detailed records or accounts of multiple individuals' medical backgrounds, highlighting diseases, treatments, and genetic health issues critical for medical assessment and planning.

Interpretation Technique

A method or approach used to understand or clarify the meaning of something, such as data, text, or observations.