[Solved] Which of the Following Is True Regarding the Equilibrium Price

Question 10
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Which of the following is true regarding the equilibrium price in perfectly competitive markets in the long run?


A)It will equal the firm's long- and short-run average costs and also its marginal cost.
B)It will equal the firm's long- and short-run average costs but not its marginal cost.
C)It will equal the firm's long-run average costs and also its marginal cost but not its short-run costs.
D)It will equal the firm's short-run average costs and also its marginal cost but not its long-run costs.

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