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Which of the following is generally true of a monopolistically competitive firm operating in the long run? a. Economic profits are positive. b. Price is

Which of the following is generally true of a monopolistically competitive firm operating in the long run?

a. Economic profits are positive.

b. Price is greater than minimum average total cost.

c. Price is equal to marginal cost.

d. Price is greater than average revenue.

e. Price is equal to marginal revenue.

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