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The Acme Corporation has a U-shaped long-run average cost curve that is minimized when Acme produces 100 units of output (q=100). Currently, Acme's profit-maximizing position

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The Acme Corporation has a U-shaped long-run average cost curve that is minimized when Acme produces 100 units of output (q=100). Currently, Acme's profit-maximizing position has it producing 200 units of output (q*=200), selling each unit of output at a price of P*, and earning a positive profit. Relative to this current situation, what will necessarily decrease when Acme eventually moves into long-run equilibrium? Price O Output O Average cost O Profit All of the above will decrease

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