c. the firm is at the bottom of its short run average cost curve.
d. the firm is at the top of its long run average cost curve.
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Home » Business » In the long run for a competitive firm, a. the firm is making economic profits. b. the marginal cost is greater price. c. the firm is at the bottom of its short run average cost curve. d. the firm is at the top of its long run average cost curve.