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Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
Edition 18ISBN: 9780073365954Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
Edition 18ISBN: 9780073365954 Exercise 4
The equality of P , MC, and minimum ATC: a. occurs only in constant-cost industries.
B) encourages entry of new firms.
C) means that the "right goods" are being produced in the "right ways."
D) results in a zero accounting profit.
B) encourages entry of new firms.
C) means that the "right goods" are being produced in the "right ways."
D) results in a zero accounting profit.
Explanation
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At P4, it could be seen that there is no...
Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
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