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usmc2rn usmc2rn
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A year ago
When a monopolistically competitive industry is in long-run equilibrium, each firm will be operating where price is

▸ greater than average total cost but equal to marginal cost.

▸ greater than marginal cost but equal to average total cost.

▸ equal to average total cost and to marginal cost.

▸ greater than average total cost and greater than marginal cost.

▸ less than marginal cost and equal to average total cost.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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Aquarius1Aquarius1
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A year ago
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Correct Slight Smile TY
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Just got PERFECT on my quiz
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