Which of the following is true under monopolistic competition in the long run? a. P = MC

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Which of the following is true under monopolistic competition in the long run?

a. P = MC

b. P = ATC.

c. P = MR

d. All of the choices are true in monopolistic competition.

e. There is no long run equilibrium for monopolistically competitive firms.

Related Book For answer-question

Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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Posted Date: Aug 08, 2019 02:10 AM

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Which of the following is true under monopolistic competition in the long run? a. P = MC

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Expert Answer:

e There is no long run equilibrium for m... View the full answer

Auditing and Assurance Services

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