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Author Question: P = MC = minimum SRATC = minimum LRAC. This statement of equalities best applies to which of the following? (Read 61 times)

jany123

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on: Oct 12, 2022
P = MC = minimum SRATC = minimum LRAC. This statement of equalities best applies to which of the following?
◦ a perfectly competitive firm that is producing the optimal quantity, such that other firms will exit the industry
◦ a perfectly competitive industry that is in long-run equilibrium
◦ a perfectly competitive firm when the industry is in long-run equilibrium
◦ a perfectly competitive firm that is maximizing profits, which will lead other firms to enter this industry
◦ a perfectly competitive industry that is in short-run equilibrium
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jany123 on Oct 12, 2022

Talvinder.Singh

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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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jany123

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

ryansturges

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Reply 3 on: Yesterday
Wow, this really help

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