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    Economics Principles and Policy Study Set 2
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    Exam 10: The Firm and the Industry Under Perfect Competition
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    In a Long-Run Equilibrium in a Perfectly Competitive Market, the Average
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In a Long-Run Equilibrium in a Perfectly Competitive Market, the Average

Question 73

Question 73

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In a long-run equilibrium in a perfectly competitive market, the average firm earns positive economic profits.

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