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Author Question: In long-run competitive equilibrium, the perfectly competitive firm produces where price equals ... (Read 217 times)

Evvie72

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on: Oct 8, 2019

In long-run competitive equilibrium, the perfectly competitive firm produces where price equals minimum average total cost.

a.

What is this efficiency criterion called?

b.

How does it benefit consumers?
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Marked as best answer by Evvie72 on Oct 8, 2019

Joc

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Reply #1 on: Oct 8, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Evvie72

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Reply 2 on: Oct 8, 2019
Thanks for the timely response, appreciate it

emsimon14

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Reply 3 on: Yesterday
Wow, this really help

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