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In the Long Run,monopolistically Competitive Firms Like Hardee's and Carl's

Question 88

Multiple Choice

In the long run,monopolistically competitive firms like Hardee's and Carl's Jr.operate at a price that


A) allows them to make a small economic profit.
B) drives economic profit to zero.
C) equals marginal cost.
D) equals average variable cost.
E) equals minimum average total cost.

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