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When perfect competition prevails,which characteristic of firms are we likely to observe?
Overhead Costs
Indirect costs of products or services.
Capacity-Sustaining Cost
Costs incurred to maintain the production capacity of a company at current levels, including costs for maintenance and repair of equipment.
Batch-Level Cost
Costs that are incurred as a result of producing a batch of products, rather than the production process as a whole.
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