In the long run, competitive equilibrium theory predicts that
| A. | There is no incentive for entry or exit of firms |
| B. | Firms operate at a minimum average total cost |
| C. | TC = TR and MC = MR |
| D. | All these conditions exist |
Answer : D Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
