Multiple Choice
In the long run, a firm in monopolistic competition has its price equal to ________ and also has its price ________.
A) marginal cost; exceeding its average total cost.
B) marginal cost; equal to its average total cost
C) average total cost; exceeds its marginal cost
D) average total cost; less than its marginal cost
Correct Answer:
Verified
Correct Answer:
Verified
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