In a long-run equilibrium, the marginal firm has
a. price equal to minimum marginal cost.
b. total revenue equal to total cost.
c. accounting profit equal to zero.
d. All of the above are correct.
b
Economics
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A firm's agents are its
A) shareholders. B) management. C) marketing department. D) customers.
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The official U.S. poverty line for a family is calculated by taking 3 times the annual cost of:
a. public housing. b. basic medical care. c. utilities and transportation. d. a minimal diet.
Economics