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Which of the following are the characteristic properties of a long-run equilibrium in a perfectly competitive market? a. MC = LAVC b. MC =MR c.
Which of the following are the characteristic properties of a long-run equilibrium in a perfectly competitive market? a. MC = LAVC b. MC =MR c. MR = P d. P > LATC e. P = AFC + AVC f. P > AVC g. MC = ATC h. AVC > MR i. MR = LATC j. P = MC K. MC = LATC
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