In the Long Run,a Firm in Monopolistic Competition Will

question 80

Multiple Choice

In the long run,a firm in monopolistic competition will

• A) produce so that its price equals marginal cost.
• B) operate at the minimum of the long-run average cost.
• C) overutilize its insufficient capacity.
• D) produce so that its price equals average total cost.
• E) be dependent on the other firms in the industry.