In the long run, the price of a product in a perfectly competitive market is equ
ID: 1172945 • Letter: I
Question
In the long run, the price of a product in a perfectly competitive market is equal to ________ and long run supply curve is ________. Answer the minimum of AVC; horizontal the maximum of AVC; horizontal the minimum of ATC; upward sloping the minimum of ATC; horizontal In the long run, the price of a product in a perfectly competitive market is equal to ________ and long run supply curve is ________. In the long run, the price of a product in a perfectly competitive market is equal to ________ and long run supply curve is ________. In the long run, the price of a product in a perfectly competitive market is equal to ________ and long run supply curve is ________. In the long run, the price of a product in a perfectly competitive market is equal to ________ and long run supply curve is ________. the minimum of AVC; horizontal the minimum of AVC; horizontal the minimum of AVC; horizontal the maximum of AVC; horizontal the maximum of AVC; horizontal the maximum of AVC; horizontal the minimum of ATC; upward sloping the minimum of ATC; upward sloping the minimum of ATC; horizontal the minimum of ATC; horizontal the minimum of ATC; horizontal the minimum of AVC; horizontal the maximum of AVC; horizontal the minimum of ATC; upward sloping the minimum of ATC; horizontalExplanation / Answer
the minimum of ATC; upward slopinghere the graph curvature is the criterion
the minimum of ATC; upward sloping
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