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A perfectly competitive industry is in equilibrium. In the long run, which of the following is true ? A)Firms can be expected to enter the
A perfectly competitive industry is in equilibrium. In the long run, which of the following istrue?
A)Firms can be expected to enter the industry.
B)There will only be one supplier of the good.
C)Individual firms arenotat the minimum points of their average total cost curves.
D)Consumers can anticipate price decreases.
E)Firms are earning zero economic profits.
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