If a monopolistically competitive firm is producing where MR = MC and is in long-run equilibrium, then price is equal to ATC.

Name: If a monopolistically competitive firm is producing where MR = MC and is in long-run equilibrium, then price is equal to ATC.
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In long-run equilibrium, a monopolistically competitive firm will produce at a point where price equals average total cost (ATC) to ensure zero economic profit, aligning with the condition where marginal revenue (MR) equals marginal cost (MC).

If a Monopolistically Competitive Firm Is Producing Where MR =