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-In Long-Run Equilibrium,a Monopolistic Competitor's Price Will

Question 26

Multiple Choice

  -In long-run equilibrium,a monopolistic competitor's price will: A) be less than both MC and AC B) exceed AC, but equal MC C) exceed both MC and AC D) be equal to both MC and AC E) exceed MC, but equal AC
-In long-run equilibrium,a monopolistic competitor's price will:


A) be less than both MC and AC
B) exceed AC, but equal MC
C) exceed both MC and AC
D) be equal to both MC and AC
E) exceed MC, but equal AC

Correct Answer:

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