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Business, 17.12.2019 22:31 annanikherrera

Firms producing an identical product in a competitive market are producing at a level of output that maximizes profit. the current market price is $4.50 per unit and the firms are producing at an average total cost of $3.50 per unit. in the long-run, one should expecta. entry of new firms into this marketb. exit of firms from this marketc. no change in the number of firms in this marketd. more information is needed to answer this question.

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