What of the Following Is Completely True in Long Run $P = M C$

question 39

Multiple Choice

What of the following is completely true in long run, monopolistically competitive equilibrium?

• A) the slope of the demand and average cost curves are the same, \(P = M C\), and \(M C = M R\).
• B) the slope of the demand and average cost curves are negative, \(P > M C\), and \(M C > M R\)
• C) the slope of the demand and average cost curves are positive, \(P > M C\), and \(M C = M R\)
• D) the slope of the demand and average cost curves are the same, \(P > M C\), and \(M C = M R\).

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Definitions:

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