In the Long Run in Monopolistic Competition

question 49

Multiple Choice

In the long run in monopolistic competition,

• A) economic profits are zero.
• B) P = MC.
• C) P = minimum ATC.
• D) firms have an incentive to leave.
• E) the demand curve is tangent to the MC curve.

---

Definitions:

Aspartic Acid

An α-amino acid used in the biosynthesis of proteins, known for participating in the synthesis and release of neurotransmitters.

Methionine

An essential amino acid used in the biosynthesis of proteins.

Structure

Refers to the arrangement of atoms within a molecule or the arrangement of residues in a biological macromolecule, determining its shape and function.

Glycine

The simplest amino acid, with the chemical formula NH2CH2COOH, used in the body to make proteins.