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Question
For a perfectly competitive firm at its long -run competitive equilibrium point,
A) P = AR = MR = LATC = SATC = MC.
B) P = AR = MR = LATC > SATC = MC.
C) P = AR = MR = MC = LATC = AVC.
D) P > MR > AR > MC > LATC > SATC.
Answer
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