Does a competitive firms price equal its marginal cost in the short run, in the long run

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Does a competitive firm’s price equal its marginal cost in the short run, in the long run or both? Explain.

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Principles Of Microeconomics [Australia And New Zealand Edition]

ISBN: 9781337408066

6th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N. Gregory Mankiw

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Question Posted: Nov 02, 2024 04:01 AM

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Does a competitive firms price equal its marginal cost in the short run, in the long run

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Principles Of Microeconomics [Australia And New Zealand Edition]

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