In the long run with free entry and exit, is the price in a market equal to

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In the long run with free entry and exit, is the price in a market equal to marginal cost, average total cost, both, or neither? Explain with a diagram.

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:58 AM

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In the long run with free entry and exit, is the price in a market equal to

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Principles of economics

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