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What happens when a profit-maximizing firm in a monopolistically competitive market is in long-run equilibrium? Select one or more: a.Price exceeds marginal cost. b.Marginal cost

What happens when a profit-maximizing firm in a monopolistically competitive market is in long-run equilibrium?

Select one or more:

a.Price exceeds marginal cost.

b.Marginal cost is falling.

c.The demand curve will be perfectly elastic.

d.Marginal revenue exceeds marginal cost.

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