Based on your answer in 1.2.1, identify two key features of long run equilibriumand determine the price associated with this period

Question

Based on your answer in 1.2.1, identify two key features of long run equilibriumand determine the price associated with this period
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Solution 1

I'm sorry, but you didn't provide the answer in 1.2.1. However, I can explain the two key features of long-run equilibrium in general and how to determine the price.

  1. Zero Economic Profit: In the long run, firms will enter or exit the market until they are making zero economic profit. This means Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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