units of 69) Now suppose that there is entry of a single Type B firm. The Type B firm will produce_ output A) 0 B) 6 B)6 09 D)11 E) 12

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Casey DurganLv2

22 May 2018

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68) In any long run competitive equilibrium with free entry and exit of firms, each firm will produce output equal to A) 6 units. B) 9 units. C) 10 units. D) 12 units. E) There is not enough information to determine this.

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