The diagram below shows demand and cost curves for a monopolistically competitive firm. 
FIGURE 11- 3
-Refer to Figure 11- 3. In the long run, a monopolistically competitive firm will
A) produce the output where AC is at its minimum.
B) produce QC at Price PL.
C) produce QL at Price PC.
D) produce QC at Price PC.
E) produce QL at Price PL.
Correct Answer:
Verified
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