This perfectly competitive firm in the graph will not produce unless price equals at least: a. $10 b. $7 c. $5 d. $2
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Explanation:
Craigslist (stylized as craigslist[4]) is an American classified advertisements website with sections devoted to jobs, housing, for sale, items wanted, services, community service, gigs, résumés, and discussion forums.
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Answer:
• The answer is d) $5.
In a purely competitive market, the price is equal to the marginal cost or the marginal revenue.
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