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In the long run, any perfectly competitive firm that remains in production will choose a level of output such that (A) short-run average cost is
In the long run, any perfectly competitive firm that remains in production will choose a level of output such that (A) short-run average cost is minimized. (B) long-run average cost is minimized. (C) short-run marginal cost equals long-run marginal cost. (D) price equals marginal cost. (E) All of the above.
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