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In long-run competitive market equilibrium, economic profit is Blank______ and price is equal to the minimum of Blank______. Multiple choice question. increasing; marginal cost eliminated;
In long-run competitive market equilibrium, economic profit is Blank______ and price is equal to the minimum of Blank______. Multiple choice question. increasing; marginal cost eliminated; average total cost positive; average total cost negative; marginal cost
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Macroeconomics
Authors: Stephen d. Williamson
5th edition
132991330, 978-0132991339
