When firms in a perfectly competitive market face the same costs, in the long run they must be operating a. under diseconomies o

Question

3 years ago

6

When firms in a perfectly competitive market face the same costs, in the long run they must be operating a. under diseconomies o

f scale. b. with small, but positive, levels of profit. c. at their efficient scale. d. where price is equal to average fixed cost.

Business

1 answer:

ella [17] · Answer 1 · 2022-04-14T19:19:20+03:00

ella [17]3 years ago

7 0

Answer:

d. where price is equal to average fixed cost.

Explanation:

Firms involved in a perfectly competitive market face the same cost, <em>they will theoretically make zero profit on the long run.</em> This happen at the point where price is equal to average fixed cost.