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in Market Equilibrium by (27.3k points)
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Complete the following statements. 

1. Long-run price under perfect competition will be equal to ……

2. Minimum price fixed by government for a product is known as …… 

3. Maximum price fixed by government for a product is known as ……

1 Answer

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by (25.6k points)
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Best answer

1. average cost 

2. floor price 

3. price ceiling

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