In the long run,a monopolistically competitive firm will

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In the long run, a monopolistically competitive firm will produce where price exceeds the minimum of average costs. This is because, in the long run, other firms can enter the market with similar products, increasing competition and reducing the firm's market power. As a result, the firm cannot sustain positive economic profits in the long run, so it will produce where it can minimize costs and still earn enough revenue to stay in business.

In the Long Run,a Monopolistically Competitive Firm Will