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6 Oct 2020
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.
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.
Insha FatimaLv10
18 Nov 2020
