Q. When the perfectly competitive firm and industry are both in longrun equilibrium (Solved)
1. P = MR = SMC = LMC
2. P = MR = SAC = LAC
3. P = MR =Lowest point on the LAC curve
4. All of the above
- d. All of the above
1. P = MR = SMC = LMC
2. P = MR = SAC = LAC
3. P = MR =Lowest point on the LAC curve
4. All of the above