Business, 06.08.2019 01:20 cmcdonnell8812

In the long-run equilibrium of a competitive market, the number of firms in the market adjusts until the market demand is satisfied at a price equal to the minimum of a. marginal cost of the marginal firm. b. average total cost of the marginal firm. c. average fixed cost for the marginal firm. d. average variable cost of the marginal firm.

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In the long-run equilibrium of a competitive market, the number of firms in the market adjusts until...

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