If a monopolistically competitive firm is in long-run equilibrium, then its short-run average total cost curve is tangent to its demand curve.

Name: If a monopolistically competitive firm is in long-run equilibrium, then its short-run average total cost curve is tangent to its demand curve.
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In long-run equilibrium, a monopolistically competitive firm produces at a point where its demand curve is tangent to its average total cost curve, indicating zero economic profit.

If a Monopolistically Competitive Firm Is in Long-Run Equilibrium, Then