Business, 06.08.2019 06:20, mathman783

When all firms and potential firms in a market have the same cost curves, the long-run equilibrium of a competitive market will free entry and exit will be characterized by firms
a. earning small but positive economic profits.
b. facing the prospect of future losses.
c. operating at the efficient scale.
d. that work together to raise market prices.

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When all firms and potential firms in a market have the same cost curves, the long-run equilibrium o...