-In the Above Figure of a Monopolistically Competitive Firm, in the Long

Multiple Choice

-In the above figure of a monopolistically competitive firm, in the long run after all industry adjustments have taken place, assuming that this firm's costs have not changed the firm will

A) produce more output at a higher price.
B) produce less output at a lower price.
C) produce the same quantity at the same price.
D) Any of the above are possible.