If a monopolistically competitive firm is in long-run equilibrium, then price _.
A) equals marginal revenue.
B) equals average total cost.
C) is greater than average total cost.
D) equals marginal cost.
Correct Answer:
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Q43: In the short run, a monopolistically competitive
Q44: Figure: Monopolistic Competition Q44: Suppose Susan owns a business that operates Q45: If a firm operating within monopolistic competition Q47: The _ demand curve for a firm Q51: In order to maximize profits, a firm Q52: In the long run, monopolistically competitive firms: Q55: To maximize profit,a monopolistically competitive firm should Q59: The demand curve for a firm operating Q67: If a firm operating in monopolistic competition
A)produce
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