If a Monopolistically Competitive Firm Is Producing 30,000 Units of Output

question 50

Multiple Choice

If a monopolistically competitive firm is producing 30,000 units of output and at this output level, the price is $100 and the average total cost is $100, the firm profit/loss is equal to ______and it ______possible for the firm to be in long- run equilibrium.

• A)$0; is
• B)- $100; is not
• C)$100; is
• D)$0; is not

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