Assuming gator farming is perfectly competitive, explain the long-run competitive equilibrium condition for the typical gator farmer

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Assuming gator farming is perfectly competitive, explain the long-run competitive equilibrium condition for the typical gator farmer and the industry as a whole?

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Survey of Economics

ISBN: 978-1111989668

8th edition

Authors: Irvin B. Tucker

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Question Posted: Apr 12, 2016 07:07 AM

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Assuming gator farming is perfectly competitive, explain the long-run competitive equilibrium condition for the typical gator farmer

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Positive economic profits attract new gator farmers to enter the industry and shif...View the full answer

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