In a Long-Run Monopolistically Competitive Equilibrium

question 253

Multiple Choice

In a long-run monopolistically competitive equilibrium

• A) P = ATC, and ATC is not at its minimum value.
• B) P = ATC, and ATC is at its minimum value.
• C) P > ATC, and ATC is at its minimum value.
• D) P > ATC, and ATC is not at its minimum value.

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