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A monopolistically competitive firm is earning positive economic profit. Which of the following must be true? (2 points) The firm is not in long-run equilibrium.

A monopolistically competitive firm is earning positive economic profit. Which of the following must be true? (2 points)

The firm is not in long-run equilibrium.
The firm is not producing where marginal revenue equals marginal cost.
The firm is receiving a per-unit subsidy.
The firm is operating with allocative efficiency.
The firm's price is the level where marginal revenue equals marginal cost.

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