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    Economics For Today Study Set 3
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    Exam 10: Monopolistic Competition and Oligopoly
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    In the Long Run, Marginal Cost Must Equal Marginal Revenue
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In the Long Run, Marginal Cost Must Equal Marginal Revenue

Question 153

Question 153

True/False

In the long run, marginal cost must equal marginal revenue for a monopolistic competitive firm, but not at the minimum point of the long-run average cost curve.

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