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

question 151

Multiple Choice

In the long-run equilibrium of a market with free entry and exit, if all firms have the same cost structure, then

• A)marginal cost exceeds average total cost.
• B)the price of the good exceeds average total cost.
• C)average total cost exceeds the price of the good.
• D)firms are operating at their efficient scale.

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A healthcare profession focused on the care of individuals, families, and communities to maintain or recover optimal health and quality of life.

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