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

ISBN: 9781305081673

7th Edition

Authors: N Gregory Mankiw

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Question Posted: Nov 02, 2024 05:01 AM

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

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