Draw a precise diagram and explain the long-run equilibrium

Draw a precise diagram and explain the long-run equilibrium

Question # 00834048 Posted By: wildcraft Updated on: 11/07/2022 04:53 AM Due on: 11/07/2022
Subject Education Topic General Education Tutorials:
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Draw a precise diagram and explain the long-run equilibrium configuration of a firm in a perfectly competitive fim. Why is the price aways equal to LAC under long-run equilibrium in this type of market ? (Please write the answer in your own words-plagiarism will cost you marks; do NOT upload jpg or png files-upload your answer in either Word or PDF format.) There is no specific word limit, but be succinct in your explanation.

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  1. wildcraft
    Tutorial # 00829498 Posted By: wildcraft Posted on: 11/07/2022 04:54 AM
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