Under free entry and exit, to find the quantity where ATC is minimized, the firm can: Take the first-order condition of average total cost with…
Under free entry and exit, to find the quantity where ATC is minimized, the firm can:
A. Take the first-order condition of average total cost with respect to Q and solve for Q
B. Either A or B.
C. Set marginal cost equal to average total cost and solve for Q.
D. Neither A nor B
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