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A firm under perfect competition in the long-run will be equilibrium when
Economics
Determination of Equilibrium Price and Output Under Perfect Competition
Question
Updated
19 Aug 2026
A firm under perfect competition in the long-run will be equilibrium when ______.
A
Choose Your Answer
A
it earns normal profit only
B
LMC = MR
C
AR = LAC
D
all of these
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