Explain why the following conditions are typical under perfect competition in the long run. a. P =

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Explain why the following conditions are typical under perfect competition in the long run.
a. P = MC
b. P = minimum ATC

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ISBN: 9781439040249

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Authors: Robert L Sexton

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Question Posted: Feb 07, 2013 05:42 AM

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Explain why the following conditions are typical under perfect competition in the long run. a. P =

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a Firms maximize profits minimize losses by choosing output wher...View the full answer

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