In Long-Run Equilibrium,a Firm in Monopolistic Competition

question 133

Multiple Choice

In long-run equilibrium,a firm in monopolistic competition

• A)makes zero economic profit and operates with excess capacity.
• B)makes zero economic profit and produces above capacity output.
• C)makes a positive economic profit and operates with excess capacity.
• D)makes a positive economic profit and produces above capacity output.
• E)incurs an economic loss and exits the market.

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