In a perfectly competitive market, the process of entry and exit will end when firms face...

 

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In a perfectly competitive market, the process of entry and exit will end when firms face O a. marginal revenue equal to the long-run average total cost. b. total revenue equal to the average total cost. c. average revenue greater than marginal cost. d. accounting profits equal to zero. In a perfectly competitive market, the process of entry and exit will end when firms face O a. marginal revenue equal to the long-run average total cost. b. total revenue equal to the average total cost. c. average revenue greater than marginal cost. d. accounting profits equal to zero.

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