Q. When the perfectly competitive firm and industry are both in long-run 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.