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    Principles of Economics Study Set 8
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    Exam 14: Firms in Competitive Markets
  5. Question
    The Stable, Long-Run Equilibrium in a Competitive Market Occurs When
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The Stable, Long-Run Equilibrium in a Competitive Market Occurs When

Question 189

Question 189

True/False

The stable, long-run equilibrium in a competitive market occurs when the market price equals the lowest point on a firm's average total cost curve.

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