At the Long-Run Equilibrium Output Level,a Monopolistically Competitive Firm's Average

question 3

Multiple Choice

At the long-run equilibrium output level,a monopolistically competitive firm's average total cost curve

• A)lies below the demand curve
• B)is tangent to (just touches but does not cross)the demand curve
• C)crosses the demand curve from below
• D)crosses the demand curve from above
• E)is at its minimum point

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