Which of the Following Statements Best Describes Firms Under Monopolistic

question 111

Multiple Choice

Which of the following statements best describes firms under monopolistic competition?

• A) Profits will be positive in the long run.
• B) Price always equals average variable cost.
• C) In the long run, positive economic profit will be eliminated.
• D) Marginal revenue equals minimum average total cost in the short run.

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The process of making something slightly wet or damp.

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