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题目
单项选择题

In the diagram below, a firm is operating in an imperfect marketThe firm will only make normal profits in the long-run when

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The question asks about the long-run condition under which a firm operating in an imperfect market will earn normal profits. First, consider the general idea: normal profit in the long run occurs when the price (or average revenue, AR) just covers all costs, including the opportunity costs of the resources used. This implies AR = AC, where AC is the average total cost. In the long run, if AR > AC, firms w......Login to view full explanation

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