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Suppose That the Market for Ice Cream Sandwiches Is Perfectly

Question 45

Multiple Choice

Suppose that the market for ice cream sandwiches is perfectly competitive. Firms that produce ice cream sandwiches are identical; their long-run cost functions are given by Suppose that the market for ice cream sandwiches is perfectly competitive. Firms that produce ice cream sandwiches are identical; their long-run cost functions are given by . Market demand is ) The long-run equilibrium price in this industry is $____. A) 80 B) 87.75 C) 120.5 D) 155.75 . Market demand is Suppose that the market for ice cream sandwiches is perfectly competitive. Firms that produce ice cream sandwiches are identical; their long-run cost functions are given by . Market demand is ) The long-run equilibrium price in this industry is $____. A) 80 B) 87.75 C) 120.5 D) 155.75
) The long-run equilibrium price in this industry is $____.


A) 80
B) 87.75
C) 120.5
D) 155.75

Correct Answer:

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