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Nica Nica
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5 years ago
In the long run, if the demand curve of a profit-maximizing monopolistically competitive firm is tangent to its average total cost curve, then

• the firm would break even.

• the firm would shut down temporarily.

• the firm would earn enough revenue to cover its variable costs, but not its fixed costs.

• the firm would earn an economic profit.
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Microeconomics

Microeconomics


Edition: 7th
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wasanwasan
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5 years ago
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