testsubject309 testsubject309
  • 24-03-2024
  • Business
contestada

Price equals the minimum of long-run average cost
A
in a long-run equilibrium.
B in a short-run equilibrium as well as in a long-run equilibrium.
C whenever average revenue equals marginal cost.
D along a horizontal long-run supply curve, but not along an upward sloping long-run supply curve.

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