Business, 01.05.2021 01:00 sasalinas2001
The minimum possible average total cost of producing generic antidepressant medication in
the long run is $10 per bottle. Suppose in this perfectly competitive industry firms are
receiving a price of $20 per bottle for their product in the short run and there are constant
returns to scale. Other things being equal, it follows that:
there is not enough information to give a definitive answer
the price of generic antidepressants will be $10 in the long run
the price of generic antidepressants will be $20 in the long run
the price of generic antidepressants will be between $10 and $20 in the long run
Answers: 3
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The minimum possible average total cost of producing generic antidepressant medication in
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