![Draw a perfectly competitive market in long run equilibrium. Why is this market outcome both productively and allocatively efficient? | Homework.Study.com Draw a perfectly competitive market in long run equilibrium. Why is this market outcome both productively and allocatively efficient? | Homework.Study.com](https://homework.study.com/cimages/multimages/16/img_20190129_131918_5694564760203321678485.jpg)
Draw a perfectly competitive market in long run equilibrium. Why is this market outcome both productively and allocatively efficient? | Homework.Study.com
How to understand equilibrium of the firm in the short run and long run (perfect competition) - Quora
![In long-run competitive market equilibrium, price equals: a) minimum average variable cost b) minimum average total cost c) maximum marginal cost d) minimum fixed cost | Homework.Study.com In long-run competitive market equilibrium, price equals: a) minimum average variable cost b) minimum average total cost c) maximum marginal cost d) minimum fixed cost | Homework.Study.com](https://homework.study.com/cimages/multimages/16/4_018853838190669870083.jpg)