9. Why is it the case in a long-run monopolistically competitive equilibrium that the firms demand curve

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9. Why is it the case in a long-run monopolistically competitive equilibrium that the firm’s demand curve is tangent to its average cost curve? Why could it not be a long-run equilibrium if the demand curve “cut through”

the average cost curve?

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Microeconomics

ISBN: 9780470563588

4th Edition

Authors: David Besanko, Ronald Braeutigam

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Question Posted: Oct 15, 2024 05:03 AM

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9. Why is it the case in a long-run monopolistically competitive equilibrium that the firms demand curve

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Microeconomics

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