Refer to the information provided in Figure 9.5 below to answer the questions that follow. Figure 9.5
-Refer to Figure 9.5. Assume this firm is in a constant-cost industry. For this firm to be in long-run equilibrium, the firm must be producing
A) q1 units of output.
B) q2 units of output.
C) q3 units of output.
D) an amount that is indeterminate from this information.

Question

Refer to the information provided in Figure 9.5 below to answer the questions that follow.  Figure 9.5
-Refer to Figure 9.5. Assume this firm is in a constant-cost industry. For this firm to be in long-run equilibrium, the firm must be producing
A) q1 units of output. 
B) q2 units of output. 
C) q3 units of output. 
D) an amount that is indeterminate from this information.

Quizplus · Accepted Answer

The Answer of Refer to the information provided in Figure 9.5 below to answer the questions that follow.  Figure 9.5
-Refer to Figure 9.5. Assume this firm is in a constant-cost industry. For this firm to be in long-run equilibrium, the firm must be producing
A) q1 units of output. 
B) q2 units of output. 
C) q3 units of output. 
D) an amount that is indeterminate from this information.

Refer to the Information Provided in Figure 9