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mb83 mb83
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A year ago
Which of the following is true of a monopolistically competitive firm in the long run? The firm will

▸ earn positive economic profits.

▸ produce where price exceeds the minimum of average costs.

▸ produce the output where average costs are minimized.

▸ lose money.

▸ operate where price = marginal cost.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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Jessicav1126Jessicav1126
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A year ago
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mb83 Author
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A year ago
Helped a lot
mkyoungs
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Yesterday
this is exactly what I needed
Shuqin
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2 hours ago
Brilliant ツ
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