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Which of the following does not hold true for a perfectly competitive firm in long-run equilibrium?

Tidy

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Which of the following does not hold true for a perfectly competitive firm in long-run equilibrium?

Which of the following does not hold true for a perfectly competitive firm in long-run equilibrium?
A) Its economic profit will be zero.
B) It will minimize average total cost.
C) It will charge a price equal to marginal cost.
D) Marginal cost will be minimized.

Textbook

Essentials of Economics

Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

Read 387 times

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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face

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