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General Snacks Is a Typical Firm in Monopolistic Competition

Question 178

Multiple Choice

General Snacks is a typical firm in monopolistic competition.If the market is in long-run equilibrium,then the price General Snacks charges for its snack goods:


A) equals average total cost.
B) exceeds average total cost.
C) is less than average total cost.
D) is more than the average for all other firms in the market.

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