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In the Long Run a Perfect Competitor's Output Is _________

question 97

Multiple Choice

In the long run a perfect competitor's output is _________ equal to its most efficient output.


Definitions:

UPC

Universal Product Code; a barcode symbol that identifies products uniquely for retail.

RFID

Radio-Frequency Identification, a technology using electromagnetic fields to automatically identify and track tags attached to objects.

Product Item

A specific product that has a unique brand, size, or price.

Labels

Tags or pieces of information attached to products that provide details about them, such as ingredients, manufacturer, and usage instructions.

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