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Mathematics, 13.03.2020 05:22 dayanara72

Which of the following statements regarding monopolistic competition is not correct?A. In the long-run equilibrium, firms charge a price above marginal cost. B. In the long-run equilibrium, price equals average total cost. C. In the long-run equilibrium, firms earn zero economic profit. D. In the long-run equilibrium, firms produce a quantity in excess of their efficient scale.

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Which of the following statements regarding monopolistic competition is not correct?A. In the long-r...
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