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In long run equilibrium, the monopolistic competitor will most likely

ken80

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In long run equilibrium, the monopolistic competitor will most likely

▸

be earning zero economic profit.

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be operating at the lowest point on its average total cost curve.

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charge a price that is equal to marginal revenue.

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charge a price that is equal to marginal cost.

▸

c and d

Textbook

Economics

Edition: 12^th

Author: Arnold

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oth987

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More solutions for this book are available here

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ken80 Author

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This site is awesome

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Correct

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