Economics（经济学）Microeconomic Analysis 微观经济分析：相关习题14 分析, following, economic, correct, 经济学

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答案如下

Which of the following is TRUE for a competitive firm in long-run equilibrium?
A) P = AVC = MR.
B) AVC = TR = TC.
C) P = MC = ATC = MR.
D) TC = TR = MC.

Your answer: C was correct!
For a competitive firm, long-run equilibrium is where P = MC = ATC. For price taking firms, P = MC. Competition eliminates economic profits in the long run so that P = ATC.

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c

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c

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