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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、The firm is experiencing supernormal profits.
B、The firm is operating at a loss.
C、The firm is earning normal profits.
D、The firm is maximizing its production output.

发布时间:2025-07-20 11:49:23
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答案:The firm is earning normal profits.
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