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Which of the Following Is NOT a Necessary Condition for Long-Run

Question 81

Multiple Choice

Which of the following is NOT a necessary condition for long-run equilibrium under perfect competition?


A) No firm has an incentive to enter the market.
B) No firm has an incentive to exit the market.
C) Prices are relatively low.
D) Each firm earns zero economic profit.
E) Each firm is maximizing profit.

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