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NEW QUESTION: 1
Which of the following conditions exist in long-run competitive equilibrium?
I). P = LRAC
II). Individual firms operate at the most efficient scale of plant.
III). The level of output produced coincides with the minimum point on the LRAC curve.
A. I, II and III.
B. II and III.
C. I and III.
Answer: A
Explanation:
Long-run competitive equilibrium implies all of the above conditions. However, these conditions are not likely to last indefinitely. Industries adjust to long-term changes depending on both internal and external factors.

NEW QUESTION: 2
You have a hierarchy of management groups and Azure subscriptions as shown in the following table.

You create the Azure resources shown in the following table.

You assign roles to users as shown in the following table.

For each of the following statements, select Yes if the statement is true. Otherwise, select No. NOTE: Each correct selection is worth one point

Answer:
Explanation:


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