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Exhibit 10-1 the Monopolistic Competitor in Exhibit 10-1 Is

Question 25

Multiple Choice

Exhibit 10-1 Exhibit 10-1 The monopolistic competitor in Exhibit 10-1 is in A) long-run equilibrium because price equals average total cost B) long-run equilibrium because marginal cost equals marginal revenue C) long-run equilibrium because price exceeds marginal cost D) short-run equilibrium because it is earning a positive economic profit E) short-run equilibrium because price equals average total cost The monopolistic competitor in Exhibit 10-1 is in


A) long-run equilibrium because price equals average total cost
B) long-run equilibrium because marginal cost equals marginal revenue
C) long-run equilibrium because price exceeds marginal cost
D) short-run equilibrium because it is earning a positive economic profit
E) short-run equilibrium because price equals average total cost

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