MC a firm operating in a purely competitive market $ 40 36 32 28 24 20 16 12 8 4 0 T 0 4 8 12 16 20 20 ATC AVC 24 24 28 32 32

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter5: Buying The Necessities
Section: Chapter Questions
Problem 20AA
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Question

What is the long-run equilibrium quantity?

MC
a firm operating in a purely competitive market
$
40
36
32
28
24
20
16
12
8
4
0
T
0
4
8
12 16
20
20
ATC
AVC
24
24
28
32
32
Transcribed Image Text:MC a firm operating in a purely competitive market $ 40 36 32 28 24 20 16 12 8 4 0 T 0 4 8 12 16 20 20 ATC AVC 24 24 28 32 32
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