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What Is One Reason Firms Might Lobby to Prevent Entry

Question 60

Multiple Choice

What is one reason firms might lobby to prevent entry into their market?


A) The long run equilibrium might be characterized by P = MC = ATC.
B) The long run equilibrium might be characterized by P = MC < ATC.
C) The long run equilibrium might be characterized by P > MC = ATC.
D) The long run equilibrium might be characterized by P = MC > ATC.

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