Multiple Choice
Use the following to answer questions:
Figure: Profit Maximization in Monopolistic Competition
-(Figure: Profit Maximization in Monopolistic Competition) In panel (B) of the figure Profit Maximization in Monopolistic Competition, the long-run equilibrium will result in:
A) no economic profits.
B) no accounting profits.
C) a tangency of the ATC curve with the MR curve.
D) no economic profits and a tangency of the ATC curve with the MR curve.
Correct Answer:

Verified
Correct Answer:
Verified
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