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Author Question: In the long-run equilibrium for a perfectly competitive firm, price equals which of the following? ... (Read 92 times)

mynx

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on: Jun 30, 2018
In the long-run equilibrium for a perfectly competitive firm, price equals which of the following?
 a. price.
  b. minimum short-run average total cost.
  c. short-run marginal cost.
  d. All of these.

Question 2

Goods with few available substitutes tend to have inelastic demand curves.
 a. True
  b. False
  Indicate whether the statement is true or false


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k2629

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

d

Answer to Question 2

True


mynx

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

tkempin

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Reply 3 on: Yesterday
Wow, this really help

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