In the Long Run,a Profit-Maximizing Monopolistically Competitive Firm Sells at a Price

question 93

Multiple Choice

In the long run,a profit-maximizing monopolistically competitive firm sells at a price that is:

• A) equal to average total cost.
• B) equal to marginal cost.
• C) below average total cost
• D) the same as in perfect competition.

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Definitions:

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