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In the Long Run, a Monopolistically Competitive Firm Will Set

Question 89

Multiple Choice

In the long run, a monopolistically competitive firm will set price:


A) at the intersection of the marginal cost and demand curves.
B) at the intersection of the average total cost and demand curves.
C) higher than the competitive level, but lower than the monopoly price.
D) higher than the marginal cost, but lower than average total cost.

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