Multiple Choice
Which of the following statements are true?
A) In the long run the monopolistic competitor is as efficient as the perfect competitor.
B) The demand curve of a monopolistic competitor is more horizontal (flatter) than a monopolist's demand curve.
C) In the long run the monopolistic competitor will definitely make a profit.
D) The demand curve of a monopolistic competitor is identical to its marginal revenue curve.
Correct Answer:
Verified
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