For a perfectly competitive market, the long-run equilibrium is where: P = AVC P = AFC P = ATC P = MC both (c) and (d)

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

For a perfectly competitive market, the long-run equilibrium is where: P = AVC P = AFC P = ATC P = MC both (c) and (d)

Post by answerhappygod »

For a perfectly competitive market, the long-run equilibrium iswhere:
P = AVC
P = AFC
P = ATC
P = MC
both (c) and (d)
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”