If there are no fixed costs of production in the long run, Ask an Expert

Economics

If there are no fixed costs of production, in the long run, the perfectly-competitive firm will produce

(a) where AV C is minimized.

(b) more units than would have been produced had there been fixed costs of production.

(d) None of the above.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91340394

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