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Author Question: Comparing the short-run and long-run profit-maximizing positions of a perfectly competitive firm, ... (Read 26 times)

jordangardner

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on: Oct 12, 2022
Comparing the short-run and long-run profit-maximizing positions of a perfectly competitive firm, which statement is true?
◦ Price should equal average cost in the long run, but not necessarily in the short run.
◦ The firm will produce at minimum average cost in both the short and long run.
◦ The firm may have unexploited economies of scale in both the short run and the long run.
◦ Price will equal marginal cost in the short run, but not necessarily in the long run.
◦ Economic profit may exist in the short run and in the long run.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jordangardner on Oct 12, 2022

nikspatel037

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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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jordangardner

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

xoxo123

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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