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Under perfect competition, each firm produces at the minimum point on its LAC curve and its horizontal demand curve is tangent to it at that point. Its output is ideal and there is no excess capacity in the long-run.
6 55 91 116 132 ? .
4 12 ? 144 544 2112
...50 62 ? 96 126 138
...5, 14, 41, 122, 365, 1094, ?
96 111 131 ? 186 221
5 ? 205 823 7405 29623
840 400 180 ? 15 -12.5
...102 153 306 765 ? 8032.5
...23 48 98 198 ? 798
...1. In series II, if ‘x’ is the right term, then find which of the following statement(s) are true.
I. x/124 is a factor 6 and 8.
