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    Business
  3. Study Set
    Managerial Economics
  4. Exam
    Exam 7: Market Structure: Perfect Competition, Monopoly, and Monopolistic Competition
  5. Question
    If a Monopolistically Competitive Firm Is in Long-Run Equilibrium, Then
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If a Monopolistically Competitive Firm Is in Long-Run Equilibrium, Then

Question 23

Question 23

True/False

If a monopolistically competitive firm is in long-run equilibrium, then its short-run average total cost curve is tangent to its demand curve.

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