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A perfectly competitive industry is in a state of long-run equilibrium.Which expression must be TRUE?
Operating Cycle
The duration between the acquisition of inventory by a business and the receipt of cash from accounts receivable, indicating how quickly a company turns its product into cash.
Carrying Cost
The total cost of holding inventory, including storage, insurance, and spoilage costs.
Order Quantity
The number of units of a particular product or service that is purchased in a single order.
Credit Terms
Conditions under which credit will be extended to a borrower, including repayment schedule and interest rate.
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