Which of the Following Statements Regarding the Long Run for a Profit-Maximizing

question 201

Multiple Choice

Which of the following statements regarding the long run for a profit-maximizing monopolistically competitive firm is FALSE?

• A) The firm is making zero economic profit.
• B) The firm produces the quantity of output for which marginal revenue equals marginal cost.
• C) The average total cost equals the price.
• D) The firm produces the quantity at which the marginal revenue curve intersects the demand curve.

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