Why, in perfectly competitive markets, will firms operate, over a long-run period, at the point of lowest
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Why, in perfectly competitive markets, will firms operate, over a long-run period, at the point of lowest LRAC? Will they necessarily do so in imperfectly competitive markets? Explain.
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Related Book For 
Intermediate Microeconomics
ISBN: 9780155414969
1st Edition
Authors: Robert W. Clower, Philip E. Graves
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