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Long-Run Equilibrium Under Monopolistic Competition and Perfect Competition Is Similar

Question 146

Multiple Choice
Long-run equilibrium under monopolistic competition and perfect competition is similar in that A)firms produce at the minimum point of their average cost curves. B)price equals marginal cost. C)firms break even. D)price equals marginal revenue.

Long-run equilibrium under monopolistic competition and perfect competition is similar in that


A) firms produce at the minimum point of their average cost curves.
B) price equals marginal cost.
C) firms break even.
D) price equals marginal revenue.

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