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    Microeconomics Study Set 45
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    Exam 11: Pure Competition in the Long Run
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    When a Competitive Firm Sees the Price Fall Below the Minimum
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When a Competitive Firm Sees the Price Fall Below the Minimum

Question 197

Question 197

True/False

When a competitive firm sees the price fall below the minimum possible average total cost in the long run, then it will decide that it could do better by moving to a different industry.

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