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Question 24 3 pts In a perfectly competitive market: the price is equal to marginal cost at the optimal output level. economic profits are positive

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Question 24 3 pts In a perfectly competitive market: the price is equal to marginal cost at the optimal output level. economic profits are positive in the long run. the existence of profits leads firms to exit the industry, while losses lead firms to enter the industry. price is greater than marginal costs

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