Which statement is true?
A) The monopolistic competitor can make a profit in the long run.
B) The monopolistic competitor operates at an output that is the lowest point on the ATC.
C) The monopolistic competitor has a small influence on price because its products are differentiated.
D) None of these statements are true.
Correct Answer:
Verified
Q118: Providing better service,ambience,or a convenient location are
Q119: Q120: Monopolistic competition differs from perfect competition because Q121: A monopolistically competitive industry has Q122: The monopolistic competitor produces a _ output Q124: Monopolistic competitors that give better deals to Q125: The demand curve for monopolistic competitive firms Q126: In the long run if some firms Q127: Each of the following is an example Q128: Monopolistic competition may lead to each of
A)monopolistic
A)a differentiated product
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