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Which of the following will not hold true for a competitive firm in long-run equilibrium?
Teller's Checks
A bank-issued check drawn on the bank's own funds and signed by a teller, typically used when someone needs to guarantee payment.
Refuse
To decline to accept or to reject.
Non-Local Check
A bank check drawn on any bank that is not local to the area where it is being presented for payment.
Depositary Bank
A financial institution that holds assets or securities for safekeeping on behalf of depositors.
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