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    Business
  3. Study Set
    Managerial Economics in a Global Economy
  4. Exam
    Exam 9: Market Structure: Perfect Competition, Monopoly, and Monopolistic Competition
  5. Question
    If a Perfectly Competitive Firm Is in Long-Run Equilibrium, Then
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If a Perfectly Competitive Firm Is in Long-Run Equilibrium, Then

Question 81

Question 81

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If a perfectly competitive firm is in long-run equilibrium, then it is earning an economic profit of zero.

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