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sgy_89 sgy_89
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7 years ago
When the typical monopolistically competitive firm is in long-run equilibrium,
A) its average total cost curve will be tangent to the demand curve at the output where MR = MC.
B) its demand curve will lie above its average total cost curve at all output levels.
C) its demand curve will lie below its average total cost curve at the output where MR = MC.
D) its average total cost curve will intersect the demand curve at the profit-maximizing output.
E) its average total cost curve will be tangent to the marginal revenue curve at the output where MR = MC.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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foliogefolioge
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sgy_89 Author
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7 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
cipcal
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This site is awesome
fxinternational
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Helped a lot
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