Question 43

1pts

In the long run, market price (P) in a perfectly competitive market (PCM) have the following characteristics

Group of answer choices

market price equals the following variables: marginal revenue, marginal cost, and minimum average total cost ( P = MR = MC = Min of ATC).

market price equals the following variables: total revenue, and total cost ( P = TR = TC).

market price equals average variable cost ( P = AVC).

market price equals average fixed cost ( P = AFC).