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In the long run: a. All firms produce the same level of output and charge the same prices b. Firms have adequate information on which

In the long run: a. All firms produce the same level of output and charge the same prices b. Firms have adequate information on which to base their decisions, but resource owners don?t c. The time is sufficiently long for all firms to earn adequate profits d. AS will be an amount of real GDP that the economy can produce with full employment

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