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When the perfectly competitive firm but not the industry is in long run equilibrium (a) P=MR=SMC=SAC (b) P=MR=LMC=LAC (c) P=MR=SMC=LMCSAC=LAC (d) P=MR=SMC=LMCSAC=lowest point on the

When the perfectly competitive firm but not the industry is in long run equilibrium

(a) P=MR=SMC=SAC (b) P=MR=LMC=LAC (c) P=MR=SMC=LMCSAC=LAC (d)

P=MR=SMC=LMCSAC=lowest point on the LAC curve

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