Horizontal Summing - Cost Effectiveness Flashcards
1
Q
In perfectly competitive equilibrium MC is
A
equal for all firms (cost-effective)
•MC1 =MC2 =…=MCN =P*
ECON103 > Horizontal Summing - Cost Effectiveness > Flashcards
In perfectly competitive equilibrium MC is
equal for all firms (cost-effective)
•MC1 =MC2 =…=MCN =P*