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Author Question: In long-run equilibrium, which of the following is not equal to price for a perfectly competitive ... (Read 120 times)

olgavictoria

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on: Jun 30, 2018
In long-run equilibrium, which of the following is not equal to price for a perfectly competitive firm?
 a. Short-run average variable cost.
  b. Long-run average total cost.
  c. Short-run marginal cost.
  d. Short-run average total cost.

Question 2

A horizontal demand curve is perfectly elastic.
 a. True
  b. False
  Indicate whether the statement is true or false


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SeanoH09

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


olgavictoria

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Reply #2 on: Jun 30, 2018
Thank you


SeanoH09

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Reply #3 on: Jun 30, 2018
No problemo


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