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hliz3 hliz3
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A year ago
Which of the following statements about a perfectly competitive industry in long-run equilibrium is correct?

▸ Each firm is producing at the minimum point on its LRAC curve.

▸ Losses are tolerable because of high fixed costs.

▸ Firms must exhibit economies of scale.

▸ In order to stay in the industry, each firm is making an economic profit.

▸ Individual firms will have no incentive for technological improvement.
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Microeconomics

Microeconomics


Edition: 17th
Author:
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shindh02shindh02
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A year ago
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hliz3 Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
choih94
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Yesterday
Helped a lot
kh540941
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2 hours ago
Thanks for your help!!
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