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Business, 17.05.2021 21:00 Babybeast3544

Suppose that the firms in the perfectly competitive oat industry are currently receiving a price of $3 per bushel for their product. The minimum possible average total cost of producing oats in the long run is $5 per bushel. Other things being equal, it follows that:

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Suppose that the firms in the perfectly competitive oat industry are currently receiving a price of...
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