In A Long Run Perfectly Competitive Market The Firms Will Produce And Operate Wh

/in /by

In a long-run perfectly competitive market, the firms will produce and operate when:

a. Fixed cost > LATC (long-run average total cost curve)

b. P > LATC (long-run average total cost curve)

c. P < LATC (long-run average total cost curve)

d. a and c

 
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