Business, 13.08.2021 03:50 ayoismeisalex
The defining characteristics that separate monopolistic competition from perfect competition in their long run states is that firms in monopolistic competition:.
a. Face a horizontal demand curve and do not operate at the minimum point of the average total cost curve
b. Face a downward sloping demand curve and do not operate at the minimum point of the average variable cost curve
c. Face a downward sloping demand curve and operate at the minimum point of the average total cost curve
d. Face a downward sloping demand curve and do not operate at the minimum point of the average total cost curve
Answers: 1
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