When a Profit-Maximizing Firm in Monopolistic Competition Is in Long-Run

question 69

Multiple Choice

When a profit-maximizing firm in monopolistic competition is in long-run equilibrium,

• A) the demand curve it faces will be perfectly elastic.
• B) its marginal cost will be falling.
• C) its price will be greater than its marginal cost.
• D) its marginal revenue will be greater than its marginal cost.

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