1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alex_Xolod [135]
3 years ago
8

In long-run equilibrium, a purely competitive firm will operate where price is ________.

Business
2 answers:
ahrayia [7]3 years ago
4 0

Answer: The correct answer is "D. equal to MR, MC, and minimum ATC.".

Explanation: In long-run equilibrium, a purely competitive firm will operate where price <u>is equal to MR, MC, and minimum ATC.</u>

In perfect competition the companies are accepting price, therefore they will produce as long as the price is equal to the marginal cost and the marginal income thus ensures that the sale of each unit of product does not cost more than the profit obtained from the sale. of this and when the average total cost, that is, the total cost of producing each unit of product, is the least possible.

Elden [556K]3 years ago
3 0

Answer:

A

Explanation:

In long-run equilibrium a purely competitive firm will operate where price is: A. greater than MR but equal to MC and minimum ATC.

A normal profit (zero economic profits) is what we would expect individual firms in a perfectly competitive market to earn in the long run because there are no barriers to entry.

And in long run equilibrium the P = MC (allocative efficiency, more later) and P = minimum ATC (productive efficiency, more later).

The correct answer to the question is A

You might be interested in
Which accurately describes full-service brokers?
Margaret [11]

<u>Answer: </u>Option C provide advice to buying and selling stocks

<u>Explanation:</u>

A full service broker possesses a license to perform his job. He offers services such as advice, research and planning tips for the clients. Full service broker charges a commission which are generally high as they provide various services.

The service provided by full service broker is customized for the consumers based on their needs. If the client requires a stock broker or financial advisor they are assigned to  them each individually. The investment plan and wealth management can be done through full service broker.

8 0
3 years ago
The executive leadership team of a large corporation is analyzing a report. The report's contents have information that can be u
gregori [183]

Answer:

The answer is D.

Explanation:

Competitor intelligence essentially means understanding and learning what's happening in the world outside your business so you can be as competitive as possible. It means learning as much as possible about your industry in general, your competitors, or even your county's particular zoning rules so as to get a better understanding of what the consumers want.

4 0
3 years ago
When customers buy computers at Maalik's store, he offers a service package at a discounted rate. Additionally, he has an ongoin
salantis [7]

Answer:

Impacting his clientele base with increased profitability and to extend the duration of customer relationships.

Explanation:

Maalik is focused on improving customer relationship management, impacting the profitability of existing customers and extending the duration of customer relationships by offering a service package at a discounted rate and a promotion that allows customers to trade in their old computers for new ones at much lower prices than his competitors can offer.

6 0
3 years ago
At Sound Off!, a store that buys and sells used CDs, there is only one general partner, Sonia. She spends all her time running t
Alex777 [14]

Answer:

D. Limited partnership

Explanation:

This is an example of a limited partnership

6 0
3 years ago
Anyone wants to talk with me
Makovka662 [10]

Answer:

Sure

Explanation:

I am a lonely 12 yr old

7 0
2 years ago
Read 2 more answers
Other questions:
  • Adjusting entries are made to ensure that?-expenses are recognized in the period in which they are incurred.-revenues are record
    12·1 answer
  • Economic regulation occurs when
    15·1 answer
  • Perdue found that one of its chicken products may have been contaminated with bacteria, so it pulled it off the shelves and inst
    7·1 answer
  • Andy deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Barb also deposited $3,000
    15·1 answer
  • In Colonial America, laborers were<br> a. in abundance<br> b. paid good wages<br> c. in short supply
    9·1 answer
  • Seven-year-old amal understands that when a cookie is broken into three smaller portions, it is still only one cookie, not three
    6·2 answers
  • In a transaction that qualifies under Section 351, Buster transfers an asset with a basis of $50,000 and a fair market value of
    12·2 answers
  • Which of the following mathematical equations is used to calculate a predetermined overhead rate? a.Predetermined Overhead Rate
    11·1 answer
  • Why is term life insurance better than whole life insurance?
    11·1 answer
  • If idle resources are put to use and more output is produced in an economy, there will be:____.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!