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Suppose That a Typical Firm in a Perfectly Competitive Industry

Question 64

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Suppose that a typical firm in a perfectly competitive industry has the following long run total cost function:
Suppose that a typical firm in a perfectly competitive industry has the following long run total cost function:     If this function remains stable, what will be the long-run price for the firm's product?
If this function remains stable, what will be the long-run price for the firm's product?

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The long-run equilibrium price...

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