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In a Market That Allows Free Entry and Exit,when Does

Question 157

Multiple Choice
In a market that allows free entry and exit,when does the process of entry and exit end for the typical firm in the market

In a market that allows free entry and exit,when does the process of entry and exit end for the typical firm in the market


A) when economic profit is zero
B) when total revenue is equal to average total cost
C) when average revenue exceeds marginal cost
D) when accounting profit is zero

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