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In the long-run competitive equilibrium the equality of P and MC is the significance of _______________ while the equality of P and the minimum of
In the long-run competitive equilibrium the equality of P and MC is the significance of _______________ while the equality of P and the minimum of ATC _________________ A) diminishing marginal returns, breaking even. B) allocative efficiency; productive efficiency. C) identical product; shut down point. D) productive efficiency; economic inefficiency
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Business Economics Methods And Techniques
Authors: Chandra Kant Singh
1st Edition
9353147018, 9789353147013
