How to understand equilibrium of the firm in the short run and long run (perfect competition) - Quora
![a. a short-run equilibrium but not a long-run equilibrium. b. a short-run equilibrium and long-run equilibrium. c. a long-run equilibrium but not a short-run equilibrium. d. neither a short-run equilibrium nor a a. a short-run equilibrium but not a long-run equilibrium. b. a short-run equilibrium and long-run equilibrium. c. a long-run equilibrium but not a short-run equilibrium. d. neither a short-run equilibrium nor a](https://study.com/cimages/multimages/16/capture2338726977227524969.jpg)
a. a short-run equilibrium but not a long-run equilibrium. b. a short-run equilibrium and long-run equilibrium. c. a long-run equilibrium but not a short-run equilibrium. d. neither a short-run equilibrium nor a
![7. Short-run supply and long-run equilibrium Consider the competitive market for copper. Assume t... - HomeworkLib 7. Short-run supply and long-run equilibrium Consider the competitive market for copper. Assume t... - HomeworkLib](https://img.homeworklib.com/images/30d91343-bbf9-4c4e-9d33-09641041ee94.png?x-oss-process=image/resize,w_560)