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In a Competitive Market with Free Entry and Exit,if All

Question 183

Multiple Choice

In a competitive market with free entry and exit,if all firms have the same cost structure,then


A) all firms will operate at efficient scale in the short run.
B) all firms will operate at efficient scale in the long run.
C) the price of the product will differ across firms.
D) the number of sellers in the market will steadily decrease over time.

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