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The theory of monopolistic competition predicts that in the long-run equilibrium, a monopolistic competitive firm will 

A. Produce at the level where price equals long-run average cost. 

B. Operates at the minimum long-run average cost.

C. Over utilizes its insufficient capacity.

D. None of the answers is correct.

 

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Insha Fatima
Insha FatimaLv10
18 Nov 2020

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