True or false: A firm should always produce at an output at which long-run average cost is

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True or false: A firm should always produce at an output at which long-run average cost is minimized. Explain.

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:23 AM

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True or false: A firm should always produce at an output at which long-run average cost is

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False In the long run under perfect competition firms will produce wh...View the full answer

Microeconomics

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