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16 Mar 2018
65) The long-run equilibrium of a perfectly competitive market will be characterized by firms A) producing at MES and earning zero economic profits. B) producing output less than MES but earning zero economic profits. C) producing output more than MES and possibly earning positive economic profits. D) producing at MES and possibly earning negative accounting profits. E) producing output less than the MES and possibly earning negative accounting profits.
65) The long-run equilibrium of a perfectly competitive market will be characterized by firms A) producing at MES and earning zero economic profits. B) producing output less than MES but earning zero economic profits. C) producing output more than MES and possibly earning positive economic profits. D) producing at MES and possibly earning negative accounting profits. E) producing output less than the MES and possibly earning negative accounting profits.
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