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List the three conditions that must be met when a perfectly competitive industry is in long-run equilibrium.
U.S.
Refers to the United States of America, a country consisting of 50 states and a federal district, known for its significant influence on world affairs.
Per Capita GDP
A measure that calculates the economic output per person by dividing the GDP of a country by its population.
Declined
A decrease or reduction in a certain activity, condition, or quantity, often indicating a downward trend.
United States
A country located in North America, comprising 50 states, a federal district, and various territories, known for its large economy and diverse population.
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