Which of the following describes the possible pricing pattern of - ProProfs Discuss
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Which of the following describes the possible pricing pattern of firms in perfect competition?



A. Some firms may sell at a higher price than minimum average cost in the short run
B. Each firm charges a different price to allow for different transport costs
C. Some firms may charge less than minimum average cost in the long run
D. Each firm charges a different price to allow for differences in fixed costs

This question is part of BHM 101 - Principles of Economics
Asked by Timetconcepts, Last updated: Jan 06, 2020

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timetconcepts

Timetconcepts

Answered Aug 26, 2017

Some firms may charge less than minimum average cost in the long run
 

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