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The Following Graphs Depict a Perfectly Competitive Firm and Its

Question 42

Multiple Choice

The following graphs depict a perfectly competitive firm and its market.
Assume that all firms in this industry have identical cost functions. The following graphs depict a perfectly competitive firm and its market. Assume that all firms in this industry have identical cost functions.   The long run equilibrium quantity in this industry is A) 300. B) 500. C) 700. D) more than 700.
The long run equilibrium quantity in this industry is


A) 300.
B) 500.
C) 700.
D) more than 700.

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