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Author Question: Which of the following conditions is true of a perfectly competitive industry when it is in long-run ... (Read 14 times)

ShannenConnor

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on: Oct 12, 2022
Which of the following conditions is true of a perfectly competitive industry when it is in long-run equilibrium?
◦ Firms are exiting the industry.
◦ Price equals minimum short-run average total cost for all firms.
◦ Accounting profits for all firms are zero.
◦ Firms are entering the industry.
◦ Firms are experiencing increasing returns to scale.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by ShannenConnor on Oct 12, 2022

Khareemom14

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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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ShannenConnor

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Reply 2 on: Oct 12, 2022
Excellent

scottmt

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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