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If _____, then a perfectly competitive firm is definitely breaking even. a.P = MC. b.ATC = MC. c.AVC = MC. d.MR = AVC. Rent control

If _____, then a perfectly competitive firm is definitely breaking even.

a.P = MC.

b.ATC = MC.

c.AVC = MC.

d.MR = AVC.

Rent control creates all of these problems except...

a.An excess supply of affordable housing.

b.A set of consumers that are prepared to pay above the rent control price.

c.A shorting of housing.

d.A fall in the quality of existing housing.

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