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 ave...

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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....

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