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April 20, 2014

Homework Help: economics

Posted by Jake on Friday, December 8, 2006 at 12:26am.

In long-run equilibrium, the perfectly competitive firm's price is equal to which of the following:
short-run marginal cost
minimum short-run average total cost
marginal revenue
all the above

I think that it is all the above. Am I correct?

I too would go with all of the above

Thanks for the input.

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