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    Managerial Economics Study Set 1
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    Exam 8: Market Structure and Long Run Equilibrium
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    ​In the Long Run,in a Competitive Industry
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​In the Long Run,in a Competitive Industry

Question 28

Question 28

Multiple Choice

​In the long run,in a competitive industry


A) ​economic profits are zero
B) firms break even
C) price equals average cost
D) ​all of the above

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