What of the Following Is Completely True in Long Run

question 47

Multiple Choice

What of the following is completely true in long run, monopolistically competitive equilibrium?

• A) the slope of the demand and average cost curves are the same, P = MC, and MC = MR.
• B) the slope of the demand and average cost curves are negative, P > MC, and MC > MR
• C) the slope of the demand and average cost curves are positive, P > MC, and MC = MR
• D) the slope of the demand and average cost curves are the same, P > MC, and MC = MR.

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Definitions:

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The act of keeping information hidden from those who do not have the authority or right to know.

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Communication channels that are capable of conveying more nonverbal cues and facilitate a greater depth of message (e.g., face-to-face communication).