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Posted on Jun 25, 2024

In a competitive industry with identical firms, long run equilibrium is characterized by A. P = AC. B. P = MC. C. MR = MC.

In a competitive industry with identical firms, long run equilibrium is characterized by

A. P = AC.

B. P = MC.

C. MR = MC.

D. All of the statements associated with this question are correct.

Thank you!

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