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Author Question: Consider a perfectly competitive firm when its industry is in long-run equilibrium. In this case, (Read 56 times)

Apple716

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on: Oct 12, 2022
Consider a perfectly competitive firm when its industry is in long-run equilibrium. In this case,
◦ marginal revenue is greater than marginal cost.
◦ price is greater than marginal cost.
◦ average fixed costs are at the maximum.
◦ economic profits are greater than zero.
◦ price equals minimum short-run and long-run average total cost.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Apple716 on Oct 12, 2022

heathercab

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Apple716

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

ghepp

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Reply 3 on: Yesterday
Excellent

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