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In a competitive market with free entry and exit, which of the following is NOT true?...

In a competitive market with free entry and exit, which of the following is NOT true?

Group of answer choices

In the long run, firms determine the price at which goods are sold

At the end of the process of entry and exit, all firms make zero economic profit

At the end of the process of entry and exit, price is equal to average total cost

In the long run, firms operate at the efficient scale

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