The long run equilibrium properties for a perfectly competitive firm is summarized as a triple equality in which P = MC = Minimum Average variable cost . Show how the firm can arrive at this state. Specify assumptions clearly.
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August 3, 2017Systems Analyst
August 3, 2017The long run equilibrium properties for a perfectly competitive firm is summarized as a triple equality in which P = MC = Minimum Average variable cost . Show how the firm can arrive at this state. Specify assumptions clearly.
The long run equilibrium properties for a perfectly competitive firm is summarized as a triple equality in which P = MC = Minimum Average variable cost . Show how the firm can arrive at this state. Specify assumptions clearly.
