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2 months ago
In a perfectly competitive market, a firm in long-run equilibrium will be operating

• at the minimum of the marginal cost curve.

• at the minimum of the long-run average cost curve.

• to the right of the minimum of the long-run average cost curve.

• to the left of the minimum of the long-run average cost curve.
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Economics Today: The Micro View
Edition: 19th
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2 months ago
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at the minimum of the long-run average cost curve.
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2 months ago
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