At a Long-Run Equilibrium in Monopolistic Competition,price Equals

question 91

Multiple Choice

At a long-run equilibrium in monopolistic competition,price equals

• A) average total cost.
• B) marginal cost but not marginal revenue.
• C) marginal revenue but not marginal cost.
• D) zero.
• E) marginal revenue and marginal cost.

---

Definitions:

Social Scientists

Researchers who share the assumption that the methods of science can be applied to researching and understanding human behavior.

Communication Researcher

A person specializing in the study of communication processes, who may employ various methodologies to examine communication practices.

Empiricism

A theory in epistemology that states knowledge comes only or primarily from sensory experience.

Observations

The act of monitoring or recording systematically selected variables or behaviors in research to gather data.