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If a market is in long-run equilibrium, which of the following conditions will be present in a competitive price-taker market but absent from a competitive price-searcher market? A. P = ATC B. MR = MC
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If a market is in long-run equilibrium, which of the following conditions will be present in a competitive price-taker market but absent from a competitive price-searcher market? A. P = ATC B. MR = MC C. P = MC D. MR < P

User Dentuzhik
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Answer:

Condition "P = MC"

Step-by-step explanation:

The condition “P=MC” is present in the price taker market but is absent in the competitive price searcher market because in the price taker market price line is equal to marginal revenue line and marginal revenue curve cuts the MC curve then at that point P = MC = MR. but in the other market price can be equal to ATC but it does not equal to MC.

User Dskrvk
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