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Figure 12.1.2 -Which of the Following Is True in Long-Run Equilibrium for Equilibrium

Question 16

Multiple Choice

Figure 12.1.2 -Which of the following is true in long-run equilibrium for a firm in monopolistic competition? A) MC = ATC. B) MC > ATC. C) MC < ATC. D) Any of the above may be true. Figure 12.1.2
-Which of the following is true in long-run equilibrium for a firm in monopolistic competition?


A) MC = ATC.
B) MC > ATC.
C) MC < ATC.
D) Any of the above may be true.

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