A-LevelEconomicsThe price system and the microeconomy9708/32 · May/June 2017 · Q61 Mark
Where is the long-run equilibrium output of a perfectly competitive firm?
- Where is the long-run equilibrium output of a perfectly competitive firm? A where average costs are at a minimum B where average costs are falling C where marginal costs are at a minimum D where marginal costs are falling[1]
Mark scheme
Marking points from the official mark scheme (May/June 2017). The mark or mark type is shown in brackets.
- [1] A
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