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In long-run competitive equilibrium, firms

jshayneo

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8 months ago

In long-run competitive equilibrium, firms

▸

earn positive economic profits.

▸

have no incentive to make any changes.

▸

earn losses on some units of the good they produce and sell.

▸

do not produce the quantity of output at which MR = MC.

▸

b and c

Textbook

Economics

Edition: 12^th

Author: Arnold

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sandra15

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8 months ago

More solutions for this book are available here

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jshayneo Author

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8 months ago

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bahajo

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