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    Microeconomics Study Set 44
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    Exam 12: Perfect Competition and the Supply Curve
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    Explain How the Long-Run Perfectly Competitive Equilibrium Is Efficient
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Explain How the Long-Run Perfectly Competitive Equilibrium Is Efficient

Question 339

Question 339

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Explain how the long-run perfectly competitive equilibrium is efficient.

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Consumers and producers are price takers...

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