Use the Following to Answer Question

Multiple Choice

Use the following to answer question:
Figure: Profit Maximization in Monopolistic Competition
-(Figure: Profit Maximization in Monopolistic Competition) Use Figure: Profit Maximization in Monopolistic Competition.In monopolistic competition,long-run equilibrium is characterized by:

A) P > MR.
B) P < MR.
C) P = MR.
D) profit maximization,which occurs where P = MR = MC.