In Long Run Equilibrium, a Monopolistic Competitive Firm's Price Will

question 108

Multiple Choice

In long run equilibrium, a monopolistic competitive firm's price will most likely be

• A)equal to average total cost, but higher than marginal cost.
• B)greater than both average total cost and marginal cost.
• C)less than both average total cost and marginal cost.
• D)equal to marginal cost, but higher than average total cost.

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The process of organizing or synchronizing activities, people, or groups in a way that ensures efficient operation and harmony towards a common goal.

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