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P, MC, MR, SRATC, LRATC SRATC MC LRATC 210 MC SRATCo SRATC MC 160 - - SRATC3 - - ---- Mc/-- MC 104: SRATC, MC

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P, MC, MR, SRATC, LRATC SRATC MC LRATC 210 MC SRATCo SRATC MC 160 - - SRATC3 - - ---- Mc/-- MC 104: SRATC, MC SRATC2 90 60 32,000 62,000 100,000 165,000 185,000 205,000 q Once perfectly competitive industry reaches long run equilibrium, MC will be equal to $90 MC will be greater than $60 O MC will be equal to $104 None of these answers is correct MC will be equal to 160 O MC will be equal to $60

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