Consider the Merlin example from today's lecture which is about a competitive market where firms have different

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Consider the Merlin example from today's lecture which is about a competitive market where firms have different cost functions. Which of the following statements is true for the long run equilibrium in this market? For all firms p = MC. For all firms p = AC. For some firms p > AC. For some firms p > MC. For some firms p < MC.

Posted Date: Jun 12, 2024 03:17 AM

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Consider the Merlin example from today's lecture which is about a competitive market where firms have different

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