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in the long-run equilibrium for a perfectly competitive firm, price equals which of the following? group of answer choices minimum short-run average total cost. price. all answers are correct. short-run marginal cost.



Answer :

Price is higher than long-run average cost. This is NOT a sign of long-run equilibrium for a firm with perfect competition.

Over time, the business will produce at the output level where the long-run average cost is the lowest.

when both the long-term average cost and the long-term marginal cost are included in the pricing

To know more about the perfect competition visit here :

https://brainly.com/question/14118392

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