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#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
In the long run, all factors of production are variable.
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In the long run, all factors of production are variable so a firm will maximize profits at the quantity for which marginal revenue equals marginal cost as long as price is greater than ATC. If price is less than ATC, the

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owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p89


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