When a perfectly competitive industry is in long-run equilibrium, all firms in the industry

Question

a. earn zero economic profits. b. produce a level of output where short-run marginal cost is equal to short-run average total cost. c. produce a level of output where long-run marginal cost is equal to long-run average cost. d. All of the above are correct.

Alex Al Yazouri · Answer

d.>>>>>>>>>>>>>>>>>>>>>>>>>>> All of the above are correct.

khaled elkholy · Answer

All of the above are correct. ..!!!!!!!

Vinod Jetley · Answer

d. All of the above are correct.

Utilisateur supprimé · Answer

D

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Thanks

Sashikanta Mohapatra · Answer

All the above options are correct.

Ahmed Mohamed Ayesh Sarkhi · Answer

Option " D " All Above Is correct

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When a perfectly competitive industry is in long-run equilibrium, all firms in the industry

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