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Which of the following characterizes long-run equilibrium in perfect competition?

pirex

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Which of the following characterizes long-run equilibrium in perfect competition?

Which of the following characterizes long-run equilibrium in perfect competition?
A) P=MC=ATC
B) P=MC<ATC
C) P>MC=ATC
D) P=MC>ATC

Textbook

Microeconomics

Microeconomics

Edition: 6^th

Author: Perloff

Read 81 times

1 Reply

And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home

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Chronos

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pirex Author

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Thanks

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Thank you, thank you, thank you!

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