Show how under the condition of perfect competition in the long run, the price of a commodity

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Show how under the condition of perfect competition in the long run, the price of a commodity equal to its average and marginal cost.

PRICE AND OUTPUT DETERMINATION UNDER PERFECT COMPETITION 351

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Managerial Economics

ISBN: 9789325986688

8th Edition

Authors: D N DWIVEDI

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Question Posted: Oct 07, 2024 04:02 AM

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Show how under the condition of perfect competition in the long run, the price of a commodity equal to its average and marginal cost. PRICE AND OUTPUT DETERMINATION UNDER PERFECT COMPETITION 351
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Show how under the condition of perfect competition in the long run, the price of a commodity

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Managerial Economics

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