Since a firm in monopolistic competition has some market power,its long-run price will be greater than its

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In monopolistic competition, a firm has some degree of market power, meaning it can set a price slightly above its marginal cost. However, in the long run, other firms may enter the market, increasing competition and driving down prices. In the long run, a firm's price will approach its marginal cost as it maximizes profit. Therefore, the long-run price will be closer to the marginal cost than the average total cost or total cost.

Since a Firm in Monopolistic Competition Has Some Market Power,its