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tmason tmason
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2 years ago
Which of the following statements about a perfectly competitive firm in long-run equilibrium is correct?

▸ The firm is earning positive economic profits.

▸ The firm has successfully differentiated its product.

▸ The firm has no ability to affect its product's price.

▸ The firm has a strong profit incentive to expand capacity.

▸ The firm has successfully established barriers to entry.
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Microeconomics

Microeconomics


Edition: 17th
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taylor.eihausentaylor.eihausen
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2 years ago
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