In the long-run equilibrium for a perfectly competitive firm, price equals which of the following?

a. price.
b. minimum short-run average total cost.
c. short-run marginal cost.
d. All of these.

d

Economics

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Refer to the table above. Net exports equal

A) -$2,800 billion. B) $2,800 billion. C) $200 billion. D) -$200 billion. E) $400 billion.

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Fluctuating exchange rates can alter a multinational firm's profits and losses. The U.S. automobile manufacturer Tesla produces vehicles in the United States and sells them in Norway

(Norway is Tesla's largest overseas market.) If the dollar appreciates against the Norwegian krone, then Tesla's revenues from these operations should ________ and its profits from these operations should ________. A) fall; rise B) rise; fall C) rise; rise D) fall; fall

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