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In the context of the long-run equilibrium in a competitive industry, what does it mean when the demand curve (AR) is tangential to the firm's long-run average cost curve? ( )


A、Thefirmisexperiencingsupernormalprofits.
B、Thefirmisoperatingataloss.
C、Thefirmisearningnormalprofits.
D、Thefirmismaximizingitsproductionoutput.

发布时间:2025-11-10 03:26:50
推荐参考答案 ( 由 题搜搜 官方老师解答 )
答案:The firm is earning normal profits.
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