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Ocean Magic is a surfboard company that sells surfboards in a perfectly competitive market. The market price in the long run for surfboards is $375. If Ocean Magic sells 37 surfboards at $375, what is its short-run average total cost

Respuesta :

The correct option is D). $375. Its short-run average total cost would be $375.

What is perfectly competitive market?

Perfectly competitive market. is a type of market structure in which there are large number of sellers and buyers deals in homogenous product.

There is free entry or exit of the firm in perfectly competitive market. Both the customers and sellers have the perfect knowledge in this market.

In this market, there is perfect mobility of the factors of the production and goods.

Learn more about the perfectly competitive market here:-

https://brainly.com/question/13961518

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