Which of the following is true under monopolistic competition in the long run?
A) Profits are always zero.
B) P MC.
C) P = MR.
D) All of the choices are true in monopolistic competition.

Question

Which of the following is true under monopolistic competition in the long run?
A) Profits are always zero.
B) P > MC.
C) P = MR.
D) All of the choices are true in monopolistic competition.

Quizplus · Accepted Answer

The Answer of Which of the following is true under monopolistic competition in the long run?
A) Profits are always zero.
B) P > MC.
C) P = MR.
D) All of the choices are true in monopolistic competition.

Which of the Following Is True Under Monopolistic Competition in the Long