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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 negative;
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 negative; marginal cost eliminated; average total cost positive; average total cost
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Macroeconomics
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
1st Edition
978-0132109994, 0132109999
