Can the market in which this firm operates be in a long-run


A competitive firm is producing 500 units of output and its efficient scale is 400 units of output. Can the market in which this firm operates be in a long-run equilibrium? Briefly explain.

Solution Preview :

Prepared by a verified Expert
Basic Computer Science: Can the market in which this firm operates be in a long-run
Reference No:- TGS02756484

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)