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  2. Topic
    Business
  3. Study Set
    Micro economics 2
  4. Exam
    Exam 1: Market Models, Structures and Competition
  5. Question
    In Monopolistic Competition in Long Run Equilibrium, the Price Will
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In Monopolistic Competition in Long Run Equilibrium, the Price Will

Question 3

Question 3

Multiple Choice

In monopolistic competition in long run equilibrium, the price will be equal to:


A) the marginal cost
B) marginal revenue
C) average variable cost
D) average total cost

Correct Answer:

verifed

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