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    Microeconomics Study Set 25
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    Exam 15: Monopolistic Competition and Product Differentiation
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    In the Long Run,if a Monopolistically Competitive Firm Produces the Optimal
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In the Long Run,if a Monopolistically Competitive Firm Produces the Optimal

Question 22

Question 22

Multiple Choice

In the long run,if a monopolistically competitive firm produces the optimal level of output:


A) P = ATC = MR = MC.
B) P > ATC > MR = MC.
C) P = ATC > MR > MC.
D) P = ATC > MR = MC.

Correct Answer:

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