jnu 2007
Posted by seema on May 18, 2012; 3:35pm
URL: http://discussion-forum.276.s1.nabble.com/jnu-2007-tp7565621.html
The long run cost fn for a commodity sold in a perfectly competitive mkt is given by C(q)=q^3-2q^2+2q. The equilibrium price of the comm in the long run is
a) 4
b) 2
c) 1
d) 1/2