Does a competitive firmrsquos price equal its marginal cost, Ask an Expert

Economics

Does a competitive firm’s price equal its marginal cost in the short run, in the long run, or both? Provide specific examples to support your answers. Does a competitive firm’s price equal the minimum of the average total cost in the short run, in the long run, or both?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91956323

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