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In long-run competitive equilibrium SRATC = LRATC, because if SRATC > LRATC (at the quantity of ...

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In long-run competitive equilibrium SRATC = LRATC, because if SRATC > LRATC (at the quantity of ...

In long-run competitive equilibrium SRATC = LRATC, because if SRATC > LRATC (at the quantity of output at which MR = MC) firms would

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have an incentive to change their plant size to produce their current output.

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not be covering their total fixed costs.

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not be covering their total variable costs.

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a and b

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b and c

Textbook

Economics

Edition: 12^th

Author: Arnold

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JZ240 Author

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A year ago

Thank you, thank you, thank you!

sleinhi

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Thanks

Tabitha.davis

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Good timing, thanks!

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