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unicorngirl13 unicorngirl13
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5 years ago
In long-run equilibrium in a monopolistically competitive industry, a firm will

• have a perfectly elastic demand curve.

• produce an output rate at which P = MC.

• produce at a point to the left of the minimum point on its average total cost curve.

• always earn an economic profit.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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Antoinette12Antoinette12
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5 years ago
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unicorngirl13 Author
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5 years ago
You make an excellent tutor!
gmiannotti
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Thanks for your help!!
julymontalvo
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2 hours ago
Thank you, thank you, thank you!
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