In long run equilibrium, P minimum ATC MC The equality of P and minimum ATC means the firm is achieving allocative efficiency productive efficiency market efficiency consumption efficiency In long run equilibrium, P minimum ATC MC The equality of P and minimum ATC means the firm is achieving alloc...

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In long-run equilibrium, P= minimum ATC = MC. The equality of P and minimum ATC means the firm is achieving

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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Posted Date: Jan 23, 2024 06:24 AM

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In long-run equilibrium, P= minimum ATC= MC. The equality of P and minimum ATC means the...

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