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What of the Following Is Completely True in Long Run P=MCP = M C

Question 39

Multiple Choice

What of the following is completely true in long run, monopolistically competitive equilibrium?


A) the slope of the demand and average cost curves are the same, P=MCP = M C , and MC=MRM C = M R .
B) the slope of the demand and average cost curves are negative, P>MCP > M C , and MC>MRM C > M R
C) the slope of the demand and average cost curves are positive, P>MCP > M C , and MC=MRM C = M R
D) the slope of the demand and average cost curves are the same, P>MCP > M C , and MC=MRM C = M R .

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