Economics（经济学）Microeconomic Analysis 微观经济分析：相关习题19 通知, 游玩

cfaspace

答案如下

Given fierce competition, oligopolists will produce output at the point where:
A) price equals variable cost.
B) marginal revenue equals demand.
C) long-run average total cost equals marginal revenue.
D) long-run average total cost equals price.

The correct answer was D) long-run average total cost equals price.
Given fierce competition, oligopolists will produce output at the point where long-run average total cost equals demand. At this point, economic profit is zero.