In the Long Run, If the Demand Curve of a Monopolistically

question 28

Multiple Choice

In the long run, if the demand curve of a monopolistically competitive firm is tangent to its average total cost curve then

• A)the firm would break even.
• B)the firm would shut down temporarily.
• C)the firm would earn enough revenue to cover its variable costs, but not its fixed costs.
• D)the firm would earn an economic profit.

---

Definitions:

Detailed Notes

Comprehensive written records that capture the essential points of a lecture, meeting, or any information-gathering event in detail.

Gender Influences

The effect that gender roles and expectations can have on behaviors, communication styles, preferences, and opportunities in society.

Tentative

Describes something that is not final or firmly established; provisional or uncertain.

Masculine

Characteristic of or associated with men, often related to attributes or roles traditionally regarded as male.