Donnelly Weaver
06/03/2023 · High School
In the long run, neither competitive price takers nor competitive price searchers will be able to earn economic because a. marginal revenue is always less than marginal cost when barriers to entry are low. b. the government will dictate moderate prices for these firms. c. entry barriers into these markets are high, raising the costs of each firm. d. competition will force prices down to the level of per-unit production costs.
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Competition will drive prices down to per-unit production costs, leading to zero economic profit for both price takers and price searchers.
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