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The Following Diagram Shows a Perfectly Competitive Industry and Firm

Question 36

Multiple Choice

The following diagram shows a perfectly competitive industry and firm.
The following diagram shows a perfectly competitive industry and firm. The position shown is not a long- run equilibrium because A) AR = MR B) MC >AC C) AR > AC at Q<sub>e</sub><sub> </sub> D) D = AR The following diagram shows a perfectly competitive industry and firm. The position shown is not a long- run equilibrium because A) AR = MR B) MC >AC C) AR > AC at Q<sub>e</sub><sub> </sub> D) D = AR The position shown is not a long- run equilibrium because


A) AR = MR
B) MC >AC
C) AR > AC at Qe
D) D = AR

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