In a perfectly competitive market the process of entry and, Ask an Expert

Economics

In a perfectly competitive market, the process of entry and exit will end when firms face

a. accounting profits equal to zero.

b. marginal revenue equal to long-run average total cost.

c. average revenue greater than marginal cost.

d. total revenue equal to average total cost.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92195402

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