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GK
ENGLISH
CURRENT AFFAIRS
APTITUDE
BANKING
UGC NET
REASONING
COMPUTER SC.
COURSES
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Question
Under perfect competition , the industry does not have any excess capacity because each firm produces at the minimum point on its
A
Long-run marginal cost curve
B
Long-run average cost curve
C
Long-run average variable cost curve
D
Long-run average revenue curve
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Answer & Explanation
Answer: Option [B]
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