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dupoyjohn134 dupoyjohn134
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5 years ago
Which of the following is NOT a characteristic of a perfectly competitive long-run equilibrium?

• Price equals marginal cost.

• Price equals long-run minimum average cost.

• Firms are earning zero profits.

• Firms are producing on the downward sloping portions of their short-run average cost curves.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
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antheadanthead
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#1
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5 years ago
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dupoyjohn134 Author
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5 years ago
Thanks for your help!!
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Correct Slight Smile TY
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