If a monopolistically competitive firm is producing 25,000 units of output and at this output level, the price is $80 and the average total cost is $79, the firm profit/loss is equal to _______ and it ______possible for the firm to be in long- run equilibrium.
A) $25,000; is
B) - $25,000; is
C) - $25,000; is not
D) $25,000; is not
Correct Answer:
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