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QUESTION
In a long-run perfectly competitive market, the firms will produce and operate when: Fixed cost LATC (long-run average total cost curve) b. P ...
In a long-run perfectly competitive market, the firms will produce and operate when:
a. Fixed cost > LATC (long-run average total cost curve)
b. P > LATC (long-run average total cost curve)
c. P < LATC (long-run average total cost curve)
d. a and c
