Consider a perfectly competitive firm when its industry is in long-run equilibrium. In this case, A....
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Consider a perfectly competitive firm when its industry is in long-run equilibrium. In this case, A. marginal revenue is greater than marginal cost. B. economic profits are greater than zero. OC. price equals minimum short-run and long-run average total cost. OD. price is greater than marginal cost. OE. average fixed costs are at the maximum. Consider a perfectly competitive firm when its industry is in long-run equilibrium. In this case, A. marginal revenue is greater than marginal cost. B. economic profits are greater than zero. OC. price equals minimum short-run and long-run average total cost. OD. price is greater than marginal cost. OE. average fixed costs are at the maximum.
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