Does a competitive firmrsquos price equal its marginal cost, Business Economics

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Does a competitive firmrsquos price equal its marginal cost

Does a competitive firm’s price equal its marginal cost in the short run, in the long run, or both? Provide specific examples to support your answers. Does a competitive firm’s price equal the minimum of the average total cost in the short run, in the long run, or both?

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Business Economics: Does a competitive firmrsquos price equal its marginal cost

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Ask an Expert for Answer!!

Business Economics: Does a competitive firmrsquos price equal its marginal cost

Reference No:- TGS01582455

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