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thanhha78 thanhha78
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7 years ago
Suppose Toor's beer is sold in a monopolistically competitive market. In the long run we expect the price of Toor's beer to
A) exceed the average cost of production of Toors beer.
B) equal the minimum possible average cost of producing Toors beer.
C) equal the average cost of production of Toors beer.
D) equal the marginal cost of production for Toors beer.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Quinn1981Quinn1981
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