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 33 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
YES! Correct, THANKS for helping me on my review

olderstudent

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
Examples of the most common X-ray positions and the images they produce. Examples of the most common X-ray positions and the images they produce.
A track inside an ignition coil is not a short, but rather it is a low-resistance path or hole that ... A track inside an ignition coil is not a short, but rather it is a low-resistance path or hole that ...
Positions for auscultation of the heart: Sitting Positions for auscultation of the heart: Sitting
Chromosomal positions of the 13 core STR loci used for forensic DNA profiling Chromosomal positions of the 13 core STR loci used for forensic DNA profiling
Comparing nucleotides of DNA and RNA. Comparing nucleotides of DNA and RNA.
Video: Brain Anatomy Animation (Part 1 of 2)

For a complete list of videos, visit our video library