In Long-Run Equilibrium in Monopolistic Competition,price Is

question 40

Multiple Choice

In long-run equilibrium in monopolistic competition,price is:

• A)greater than average total cost.
• B)equal to average total cost at an output below where average total cost is minimized.
• C)equal to average total cost at its minimum.
• D)equal to average total cost at an output above where average total cost is minimized.

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