Question

78) Given monopolistic competition, the situation depicted in the diagram A) could be a short run equilibrium, but is not a long run equilibrium. B) is not a short run equilibrium, but could be a long run equilibrium. C) could be neither a short run equilibrium nor a long run equilibrium. D) could be both a short run equilibrium and a long run equilibrium, E) is both a short run equilibrium and a long run equilibrium.