In Long Run Equilibrium, the Monopolistic Competitor Will Most Likely

question 101

Multiple Choice

In long run equilibrium, the monopolistic competitor will most likely

• A)be earning zero economic profit.
• B)be operating at the lowest point on its average total cost curve.
• C)charge a price that is equal to marginal revenue.
• D)charge a price that is equal to marginal cost.
• E)c and d

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