When Firms in a Perfectly Competitive Market Face the Same

question 99

Multiple Choice

When firms in a perfectly competitive market face the same costs, in the long-run they must be operating:

• A)under economies of scale
• B)at their efficient scale
• C)with marginal profitability
• D)under all of the above conditions

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Definitions:

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The awareness and prioritization of safety measures and precautions to prevent accidents and ensure a safe working environment or lifestyle.

Peer Pressure

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