In the Long-Run Equilibrium of a Market with Free Entry

question 19

Multiple Choice

In the long-run equilibrium of a market with free entry and exit, marginal firms are operating

• A)at the point where average variable cost equals marginal cost.
• B)at the minimum point on their marginal cost curves.
• C)at their efficient scale.
• D)where accounting profit is zero.

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An organization or enterprising entity engaged in commercial, industrial, or professional activities.

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