Business, 26.08.2019 16:30, Dashavu4626

Which of the following is not a characteristic of long-run equilibrium for a perfectly competitive firm? select one:
a. the firm produces the output level at which long-run average cost is at its minimum.
b. price is greater than long-run average cost.
c. price is equal to long-run marginal cost.
d. economic profit is zero.

Answers: 3

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Which of the following is not a characteristic of long-run equilibrium for a perfectly competitive f...