In the Long Run, in Monopolistic Competition

question 51

Multiple Choice

In the long run, in monopolistic competition:

• A) the demand curve is tangent to the marginal cost curve.
• B) price = marginal cost.
• C) price = minimum average total cost.
• D) firms have an incentive to leave.
• E) economic profits are zero.

---

Definitions:

Humanities

Academic disciplines that study aspects of human society and culture.

Social Sciences

A branch of science dealing with human society and relationships among individuals within those societies, such as psychology, sociology, and economics.

Stories

Narratives, either true or fictitious, designed to interest, amuse, or inform the listener or reader.

Primary Source

An original document, recording, or any other source of information that was created at the time under study.