In the long run, the price of a good that is sold by a monopolistically competitive firm is equal to the _____ cost of production.

Name: In the long run, the price of a good that is sold by a monopolistically competitive firm is equal to the _____ cost of production.
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In the long run, a firm in monopolistic competition will produce at a point where price equals average total cost (ATC) to achieve zero economic profit, ensuring that price covers all costs, including normal profit.

In the Long Run, the Price of a Good That