In the long run if price is less than average cost the, Business Economics

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In the long run if price is less than average cost the

In the long run, if price is less than average cost a. the market must be in long-run equilibrium. b. there is profit incentive for firms to enter the market. c. there is no incentive for the number of firms in the market to change. d. there is an incentive for firms to exit the market.

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