In long-run perfectly competitive equilibrium, economic efficiency is achieved because Select one: a. price equals long-run marginal cost for every firm in the industry. b. price equals average fixed cost for every firm in the industry. c. price equals minimum long-run average cost for every firm in the industry. d. both a and c
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In long-run perfectly competitive equilibrium, economic efficiency is achieved because Select one: a. price equals long-run marginal cost ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » In long-run perfectly competitive equilibrium, economic efficiency is achieved because Select one: a. price equals long-run marginal cost for every firm in the industry. b. price equals average fixed cost for every firm in the industry. c.