In the long run, the price of information products in monopolistically competitive markets will be equal to

Question

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In the long run, firms in monopolistically competitive markets will produce at the point where price equals average total cost (ATC) to maximize their profits. Therefore, the price of information products in such markets will be equal to ATC, which includes both variable and fixed costs. Options A, B, and C are not relevant for pricing decisions in the long run.

In the Long Run, the Price of Information Products in Monopolistically