A monopolistically competitive firm will end up selling its output for a price such that
A) price is equal to marginal revenue.
B) price is equal to marginal cost.
C) price is equal to average total cost.
D) price is greater than marginal cost.
Correct Answer:
Verified
Q21: Which of the following is always true
Q22: In monopolistic competition, in the long run
Q23: In a monopolistically competitive industry, the firms
Q24: Brand names are an example of
A) economies
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Q27: Q28: Q29: In the long run, a firm in Q30: In monopolistically competitive industries, Q31: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) firms' economic profits
