3 years ago

Which of the following is NOT a characteristic of long-run equilibrium for a perfectly competitive firm? Select one:

1 answer:

3 0

Answer: <u>"b. Price is greater than long-run average cost."</u> is NOT characteristic of long-run equilibrium for a perfectly competitive firm.

Explanation: In the long term the company will produce the output level at which long-run average cost is at its minimum.

Where the price is equal to the long-run marginal cost and the long-run average cost.

You might be interested in

During the first two years, ABC drove the company truck 15,000 and 22,000 miles, respectively, to deliver merchandise to its cus

Andrej [43]

Answer:

11,000

Explanation:

7 0

2 years ago

A marketing ___________ is the blending of four marketing elements product, distribution, price, and promotion.

Arturiano [62]

A market mix is the blending of four marketing elements product, distribution price and promotion

5 0

3 years ago

America's basic cold war strategy emerged when the Truman administration adopted the recommendations of U.S. diplomat and Soviet

Goshia [24]

Answer:

The containment doctrine.

Explanation:

American government's fear of Soviet expansion (communism) triggered the entrance of the US into the cold war. During the 1940s the US developed an strategy of nuclear deterrence since it lacked sufficient amount of troops to confront the Soviet army in eastern Europe. The Truman Doctrine helped to expand the cold war to the whole world.

3 0

3 years ago

Zeke's Zipline Adventures sold a bus used in the business for $16,000. Zeke's original cost of the bus was $15,000 and the adjus

elena55 [62]

Answer:

sorry, i just want the points.

Explanation:

6 0

3 years ago

Newark Company has provided the following information:

djverab [1.8K]

Answer: