Business, 17.03.2020 04:20 ashtonbillups

In long-run competitive equilibrium SRATC = LRATC, because if SRATC > LRATC (at the quantity of output at which MR = MC) firms would .

A. have an incentive to change their plant size to produce their current output.
B. not be covering their total fixed costs.
C. not be covering their total variable costs.
D. a and b b and c

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In long-run competitive equilibrium SRATC = LRATC, because if SRATC > LRATC (at the quantity of o...

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