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Author Question: If a perfectly competitive firm is producing where its MR=MC, but is operating to the left of the ... (Read 52 times)

Apple716

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on: Oct 12, 2022
If a perfectly competitive firm is producing where its MR=MC, but is operating to the left of the minimum point of its LRAC curve,
◦ it can still be in long-run equilibrium as long as P = SRATC.
◦ it is in a long-run profit maximizing position.
◦ it can reduce its average costs by building a larger plant.
◦ its profits will decrease if it builds a larger plant.
◦ it cannot be optimizing its short-run behaviour.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Apple716 on Oct 12, 2022

bainer89

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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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Apple716

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

nathang24

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

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