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Perfect Competition. A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits but are operating below their minimum efficient scale. Explain the long-run adjustments that will create equilibrium with firms operating at their minimum efficient scale. Why is a perfect competitive firm associated with efficiency for both consumers and businesses? Respond to at least two of your fellow students’ postings.


Ashford eco 204 week 3 dq 1 perfect competition  

ECO 204 Week 3 DQ 1 Perfect Competition ECO 204 Week 3 Assignment Manufacturing Industry Evaluation ECO 204 Week 2 DQ 2 Reduction of Costs E...

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