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Title: If a market is perfectly competitive and is in long-run equilibrium, which of the following ... Post by: hiusy98 on Jan 23, 2017 If a market is perfectly competitive and is in long-run equilibrium, which of the following conditions does not hold?
A) Price is equal to the minimum long-run average cost of production. B) Economic profit equals zero. C) The value of the last unit of output produced is equal to the value of the resources used to produce it. D) There is an incentive for additional firms to enter the market because existing firms are earning revenues in excess of the explicit costs of production. Title: Re: If a market is perfectly competitive and is in long-run equilibrium, which of the following ... Post by: andyborzi on Jan 23, 2017 Content hidden
Title: Re: If a market is perfectly competitive and is in long-run equilibrium, which of the following ... Post by: hiusy98 on Mar 27, 2017 This course was so challenging before I signed up here, thanks
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