In the long run, monopolistically competitive firms:
a. cannot earn an economic profit.
b. produce so that marginal cost equals price.
c. produce at the level that minimizes average total cost.
d. set marginal revenue equal to price.

Question

05-12-2022
Law

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In the long run, monopolistically competitive firms:
a. cannot earn an economic profit.
b. produce so that marginal cost equals price.
c. produce at the level that minimizes average total cost.
d. set marginal revenue equal to price.

Sagot :

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