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ATC, P ATC , Price of Books P 2 MC MO 2 Quantity of Books Now suppose the patent expires and other firms are free

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ATC, P ATC , Price of Books P 2 MC MO 2 Quantity of Books Now suppose the patent expires and other firms are free to use the technology. Which of the following statements are true about what happens in the long run? Check all that apply. O All firms earn zero profit. The market price stays at P1 . O Hi-Tech's average-total-cost curve rise back to ATC1

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