When a Monopolistically Competitive Firm Is in Long-Run Equilibrium

question 112

Multiple Choice

When a monopolistically competitive firm is in long-run equilibrium,

• A)price is equal to average total cost.
• B)price is equal to marginal cost.
• C)price is equal to marginal revenue.
• D)the firm operates at its efficient scale.

---

Definitions:

Creative Success

is the achievement of desired outcomes or the creation of innovative and effective solutions through the use of original thinking and creativity.

Sexual Harassment

Deliberate and/or repeated sexual or sex-based behavior that is not welcome, not asked for, and not returned.

Human Resources

A department within an organization that is focused on managing employee-related processes including recruitment, training, and benefits.

Inappropriate Advances

Unwanted and often offensive gestures or remarks, typically of a sexual nature.