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    Microeconomics Principles
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    Exam 11: Monopolistic Competition and Oligopoly
  5. Question
    At the Long-Run Equilibrium Output Level,a Monopolistically Competitive Firm's Average
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At the Long-Run Equilibrium Output Level,a Monopolistically Competitive Firm's Average

Question 3

Question 3

Multiple Choice

At the long-run equilibrium output level,a monopolistically competitive firm's average total cost curve


A) lies below the demand curve
B) is tangent to (just touches but does not cross) the demand curve
C) crosses the demand curve from below
D) crosses the demand curve from above
E) is at its minimum point

Correct Answer:

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