Why is it the case in a long-run monopolistically competitive equilibrium that the firm's demand curve is

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Why is it the case in a long-run monopolistically competitive equilibrium that the firm's demand curve is tangent to its average cost curve? Why could it not be a long-run equilibrium if the demand curve "cut through" the average cost curve?

Posted Date: Jun 13, 2024 12:04 AM

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Why is it the case in a long-run monopolistically competitive equilibrium that the firm's demand curve is

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