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.

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