What price will a perfectly competitive firm end up charging in the long run? Why?

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Oct 29, 2023 01:18 PM

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What price will a perfectly competitive firm end up charging in the long run? Why?

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In the long run a perfectly competitive firm will end up charging a price that is equal to its minimum average total cost ATC This price is known as t...View the full answer

Principles Of Economics

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