Physics, 21.12.2019 03:31 andreapgomezr

Assume that the home construction industry is perfectly competitive and in long-run competitive equilibrium. it follows that: a. marginal cost exceeds long-run average total cost. b. marginal cost equals long-run average total cost. c. there will be incentive for new firms to enter the industry. d. firms in the industry enjoy economic profits.

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Assume that the home construction industry is perfectly competitive and in long-run competitive equi...

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