Business, 08.01.2020 02:31 lanaiheart7
If a market is perfectly competitive and is in long-run equilibrium, which of the following conditions does not hold?
a. price is equal to the minimum long-run average cost of production.
b. economic profit equals zero.
c. the value of the last unit of output produced is equal to the value of the resources used to produce it.
d. there is an incentive for additional firms to enter the market because existing firms are earning revenues in excess of the explicit costs of production.
Answers: 1
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Business, 22.06.2019 12:50
Kendrick is leaving his current position at a company, and charlize is taking over. kendrick set up his powerpoint for easy access for himself. charlize needs to work in the program that is easy for her to use. charlize should reset advanced options
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Business, 22.06.2019 20:30
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Business, 22.06.2019 21:30
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If a market is perfectly competitive and is in long-run equilibrium, which of the following conditio...
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