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Long Run ATC Function Problem (Question attached)

This question was answered on Jan 19, 2013. View the Answer
Long Run ATC Function Problem (Question attached)
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a. since this is a perfectly competitive industry the long run equilibrium occurs where ATC is a minimum. This is given as q= 4. So the long run equilibrium f all firms is 4 units. b. the long run...

This question was asked on Jan 18, 2013 and answered on Jan 19, 2013.

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