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Which of the following is true for a monopolistically competitive firm in long-run equilibrium?

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Which of the following is true for a monopolistically competitive firm in long-run equilibrium?

Which of the following is true for a monopolistically competitive firm in long-run equilibrium?
A) P = ATC and MR = MC.
B) P = ATC and P = MC.
C) P > ATC and P > MR.
D) P > MR and MC = ATC.

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Essentials of Economics

Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

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