In the Long Run in Monopolistic Competition, the Demand Curve

question 200

Multiple Choice

In the long run in monopolistic competition, the demand curve facing the typical firm

• A)is perfectly elastic
• B)slopes upward
• C)is tangent to the firm's average total cost curve
• D)lies above the firm's average total cost curve
• E)is the same as the portion of the firm's marginal cost curve above average variable cost

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