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which of the following conditions is characteristic of a monopolistically competitive firm in long-run equilibrium? a. P>MR and P=MC b. ATC=demand and MR=MC c. P
which of the following conditions is characteristic of a monopolistically competitive firm in long-run equilibrium?
a. P>MR and P=MC
b. ATC=demand and MR=MC
c. P d. P>ATC and demand >MR
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