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A perfectly competitive industry will allocate resources efficiently if Group of answer choices all the firms in the industry minimize costs. all the firms in
A perfectly competitive industry will allocate resources efficiently if Group of answer choices all the firms in the industry minimize costs. all the firms in the industry are earning positive economic profit. all the firms in the industry are able to charge a price that is higher than the cost of producing the last unit of output. all the firms in the industry are charging a price that equals the cost of producing the last unit of output
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