What is true of a monopolistically competitive market in long-run equilibrium? a. Price is greater than marginal

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What is true of a monopolistically competitive market in long-run equilibrium?

a. Price is greater than marginal cost.

b. Price is equal to marginal revenue.

c. Firms make positive economic profits.

d. Firms produce at the minimum of average total cost.

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Principles Of Microeconomics

ISBN: 9780357133484

9th Edition

Authors: N Gregory Mankiw

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Question Posted: Jan 27, 2024 11:00 PM

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What is true of a monopolistically competitive market in long-run equilibrium? a. Price is greater than marginal

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Principles Of Microeconomics

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