In the long-run, a firm in monopolistic competition has its price equal to and also has its price .
(a) marginal cost; equal to its average total cost
(b) marginal cost; exceeding its average total cost
(c) average total cost; exceeds its marginal cost
(d) average total cost; less than its marginal cost

Question

10-06-2024
Business

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In the long-run, a firm in monopolistic competition has its price equal to and also has its price .
(a) marginal cost; equal to its average total cost
(b) marginal cost; exceeding its average total cost
(c) average total cost; exceeds its marginal cost
(d) average total cost; less than its marginal cost

Sagot :

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