Business, 17.02.2021 05:40 RosaJackson8088

I chose B, it was wrong, what is the right solution? In long-run equilibrium, a monopolistically competitive firm’s price will:

a. be less than both MC and ATC
b. exceed ATC, but equal MC
c. exceed MC, but equal ATC
d. be above the monopoly price, but below the perfectly-competitive price
e. exceed both MC and ATC

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I chose B, it was wrong, what is the right solution? In long-run equilibrium, a monopolistically co...

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