A major characteristics of a firm operating at a long-run equilibrium position is that

Economics

NECO 2005

A. all costs can be varied
B. average variable cost is fixed
C. fixed cost can not be changed
D. marginal cost is fixed
E. only variable cost changes

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Correct Answer: Option A

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A major characteristics of a firm operating at a long-run equilibrium position is that

Correct Answer: Option A

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