Under perfect competition, the efficient level of output is produced because

Ryanteck

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7 years ago

Under perfect competition, the efficient level of output is produced because

Under perfect competition, the efficient level of output is produced because
A) price equals marginal cost.
B) firms can earn an economic profit in the long run.
C) firms earn only a normal profit in the long run.
D) government regulates the output level that must be produced.

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Ryanteck Author

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