If there are no fixed costs of production in the long run


If there are no fixed costs of production, in the long run, the perfectly-competitive firm will produce

(a) where AV C is minimized.

(b) more units than would have been produced had there been fixed costs of production.

(c) fewer units than would minimize the firm’s average variable cost.

(d) None of the above.

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Business Economics: If there are no fixed costs of production in the long run
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