Assume That the firms operate as purely competitive sellers (a purely competitive industry) In the long run, equilibrium price equals _________ quantity equals _________ and profits total _________?
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Answer:
Assume That the firms operate as purely competitive sellers (a purely competitive industry) In the long run, equilibrium price equals , 8 million barrels per day, _________ million quantity equals , 8 million barrels per day, _________ million and profits total , 8 million barrels per day, _________ million.
