Question

How does the long-run equilibrium for a monopolistically competitive market differ from the long-run equilibrium for a perfectly competitive market? One way in which monopolistically competitive markets and perfectly competitive markets differ is that in long-run equilibrium, monopolistically competitive firms

A. charge a price greater than marginal cost.

B. do not earn zero economic profits.

C. charge a price less than marginal revenue.

D. produce at a minimum of marginal cost.

E. produce where marginal revenue is less than marginal cost.