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    Exam 10: The Firm and the Industry Under Perfect Competition
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    If You Must Determine the Long-Run Equilibrium Output of a Perfectly
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If You Must Determine the Long-Run Equilibrium Output of a Perfectly

Question 84

Question 84

Multiple Choice

If you must determine the long-run equilibrium output of a perfectly competitive firm and you are permitted to see only one curve, which of the following curves is most helpful?


A) Demand
B) Marginal cost
C) Average cost
D) Average fixed cost

Correct Answer:

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