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Which of the following best illustrates the concept of a competitive market equilibrium? Question 6 options: Monopoly pricing for brand-name prescription drugs Long-run economic profits

Which of the following best illustrates the concept of a competitive market equilibrium? Question 6 options: Monopoly pricing for brand-name prescription drugs Long-run economic profits approaching zero in long-term acute care hospital markets Excess capacity of hospital beds in large cities Persistent shortages of physicians practicing in rural areas

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