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21 Apr 2018
When a profit-maximizing firm in a monopolistically competitive market is in long-run equilibrium:
a. the demand curve will be perfectly elastic.
b. price exceeds marginal cost.
c. marginal cost is falling.
d. marginal revenue exceeds marginal cost.
When a profit-maximizing firm in a monopolistically competitive market is in long-run equilibrium:
a. the demand curve will be perfectly elastic.
b. price exceeds marginal cost.
c. marginal cost is falling.
d. marginal revenue exceeds marginal cost.
larryrambo777Lv10
12 Mar 2023
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erinhare45Lv2
2 Jun 2021
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