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Author Question: If a perfectly competitive firm is producing to the left of the minimum point of its long-run ... (Read 29 times)

desireelg_7

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on: Oct 12, 2022
If a perfectly competitive firm is producing to the left of the minimum point of its long-run average cost curve, then
◦ it should shut down.
◦ it can still be in long-run equilibrium as long as P = SRATC.
◦ its profits will decrease if it builds a larger plant.
◦ it can reduce its unit costs by building a larger plant.
◦ it cannot be producing its present output efficiently.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by desireelg_7 on Oct 12, 2022

ad2018

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Reply #1 on: Oct 12, 2022
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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desireelg_7

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

dreamfighter72

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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