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Home Q & A Board Other Fields Homework Help Business Economics
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Phydeaux Phydeaux
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6 years ago
In perfect competition,
A) each business chooses the quantity of output where price equals marginal cost.
B) each business sells its product at a price equal to all opportunity costs.
C) price equals minimum average total cost in long-run equilibrium.
D) price can be above or below minimum average total cost in short-run equilibrium.
E) all of the above are true.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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holymanholyman
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6 years ago
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3 years ago
thank you
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