The minimum average total cost is currently lower than price In the long run, (a) What happens to price (b) What happens to the number of firms (c) What happens to firms profit ...

When the minimum average total cost is lower than the price in the long run several economic adjustm ...

The minimum average total cost is currently lower than price. In the long run, (a) What happens

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The minimum average total cost is currently lower than price. In the long run,

(a) What happens to price?
(b) What happens to the number of firms?

(c) What happens to firm’s profit?

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Foundations Of Economics

ISBN: 9780134486819

8th Edition

Authors: Robin Bade, Michael Parkin

Posted Date: Feb 19, 2024 02:25 AM

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The minimum average total cost is currently lower than price. In the long run, (a) What happens

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Foundations Of Economics

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