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Title: In a perfectly competitive market: Post by: AndrewKraus on May 22, 2017 In a perfectly competitive market:
A) the long-run market price is equal to the average fixed cost of the industry. B) the long-run market price is less than the minimum average cost of the industry. C) the long-run market price is more than the minimum average cost of the industry because of free entry and exit of firms. D) the long-run market price is equal to the minimum average cost of the industry because of free entry and exit of firms. Title: Re: In a perfectly competitive market: Post by: Simpleman on May 22, 2017 Content hidden
Title: Re: In a perfectly competitive market: Post by: AndrewKraus on Jun 24, 2017 Excellent answer, thx
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