What can you expect from an industry in perfect competition in the long run That is, what will the price be What quantity will be produced What will be the relation between marginal cost, average cost, and price

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What can you expect from an industry in perfect competition in the long run? That is, what will the price be? What quantity will be

What can you expect from an industry in perfect competition in the long run? That is, what will the price be? What quantity will be produced? What will be the relation between marginal cost, average cost, and price?

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