In A Competitive Industry With Identical Firms, Long Run Equilibrium Is Characteri…

In a competitive industry with identical firms, long run equilibrium is characterized by

a) P > AC.

b) P < MC.

c) MR = MC.

d) MR < P.

Answer:

d)

Explanation:

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In A Competitive Industry With Identical Firms, Long Run Equilibrium Is Characteri…

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