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In the Long Run, a Profit-Maximizing Firm in a Monopolistically

Question 6

Multiple Choice

In the long run, a profit-maximizing firm in a monopolistically competitive market operates at


A) efficient scale.
B) a level of output at which average total cost is rising.
C) a level of output at which average total cost is falling.
D) the level of output at which total revenue is maximized.

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