Figure 12.1.2 -Which of the Following Is True in Long-Run Equilibrium for Equilibrium

question 16

Multiple Choice

Figure 12.1.2
-Which of the following is true in long-run equilibrium for a firm in monopolistic competition?

• A) MC = ATC.
• B) MC > ATC.
• C) MC < ATC.
• D) Any of the above may be true.

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Definitions:

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