MCQOPTIONS
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| 1. |
When the perfectly competitive firm and industry are in long run equilibrium, then$? |
| A. | P = MR = SAC = LAC |
| B. | D = MR = SMC = LMC |
| C. | P = MR = Lowest point on the LAC curve |
| D. | All of the above |
| Answer» E. | |