7. When a perfectly competitive firm is in long-run equilibrium, we know that it is doing all...

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7. When a perfectly competitive firm is in long-run equilibrium, we know that it is doing all of the following except

a. facing a horizontal demand curve.

b. producing where MR ¼ MC.

c. producing where P > ATC.

d. making zero economic profit.

e. making normal profit.

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Principles Of Microeconomics

ISBN: 9781913689681

7th Edition

Authors: Fred M. Gottheil

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Question Posted: Nov 08, 2024 02:01 AM

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7. When a perfectly competitive firm is in long-run equilibrium, we know that it is doing all...

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Principles Of Microeconomics

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