This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Comparing the short-run and long-run profit-maximizing positions of a perfectly competitive firm, ... (Read 60 times)

jordangardner

  • Full Member
  • ***
  • Posts: 145
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jordangardner on Oct 12, 2022

nikspatel037

  • Full Member
  • ***
  • Posts: 173
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.
Answer Preview
Only 35% of students answer this correctly


jordangardner

  • Member
  • Posts: 145
Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

lindahyatt42

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

The U.S. Long-Term Ecological Research (LTER) network. The U.S. Long-Term Ecological Research (LTER) network.
Local and long–distance cell communication in animals. Local and long–distance cell communication in animals.
long bone long bone
Long-wattled Umbrellabird Long-wattled Umbrellabird
If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ... If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ...
Long bone formation Long bone formation
Video: The Krebs Cycle Animation

For a complete list of videos, visit our video library