Question
A perfectly competitive firm produces in the long run - where: a. Average total costs equals zero b. Owns price elasticity quals zero c. Marginal
A perfectly competitive firm produces in the long run - where:
a. Average total costs equals zero
b. Owns price elasticity quals zero
c. Marginal costs are minimized
d. Average total costs are minimized
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Macroeconomics Principles and Applications
Authors: Robert E. Hall, Marc Lieberman
6th edition
1111822352, 1111822354, 9781133708742 , 978-1111822354
