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In Long-Run Equilibrium,a Firm in Monopolistic Competition Is Similar to a Monopoly

Question 91

Multiple Choice

In long-run equilibrium,a firm in monopolistic competition is similar to a monopoly because it:


A) earns no economic profit.
B) charges a price equal to marginal cost.
C) charges a price greater than marginal cost.
D) charges a price equal to average total cost.

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