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asjstr asjstr
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4 years ago
The following diagram shows a perfectly competitive industry and firm.


The position shown is NOT a long-run equilibrium because

▸ MC > AC.

▸ D = AR.

▸ AR = MR.

▸ AR > AC at Qe.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
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johnsykejohnsyke
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4 years ago
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asjstr Author
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4 years ago
this is exactly what I needed
sweetalia
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This site is awesome
kh540941
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2 hours ago
Good timing, thanks!
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