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Loraine Loraine
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9 years ago
Which of the following is NOT a characteristic of long-run equilibrium in monopolistic competition?
A) The firm earns zero economic profit.
B) Price is equal to average total cost.
C) Production occurs at minimum average total cost.
D) Marginal revenue is equal to marginal cost.
E) Price exceeds marginal revenue.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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9 years ago
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Loraine Author
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9 years ago
this is exactly what I needed
DragonHeart
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Yesterday
Just got PERFECT on my quiz
aricketts6@
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2 hours ago
Smart ... Thanks!
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