Which of the following wouldnotbe expected to occur in a purely competitive market in long-run equilibrium?;A:consumer and producer surplus will be minimized.;B:P = MC = lowest ATC.;C:the maximum willingness to pay equals the minimum acceptable price.;D:we would expect all of these to occur in the long run in a purely competitive market.
Paper#21726 | Written in 18-Jul-2015Price : $22