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sinerus sinerus
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6 years ago
Which of the following is true in the long run for both monopoly and perfectly competitive industries?
A) Firms produce at levels that are economically efficient.
B) There are low barriers to entry.
C) Firms will go out of business if they cannot charge a price that is at least equal to average total cost.
D) Firms can earn positive economic profits in the long run.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Quinn1981Quinn1981
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6 years ago
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sinerus Author
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6 years ago
Good timing, thanks!
linlinlin
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Yesterday
Brilliant ツ
hmonier
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2 hours ago
This site is awesome
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