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29-11-2022
Business

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in the long run, which statement is true for a monopolistically competitive firm? group of answer choices price is greater than average total cost, and mr= marginal revenue,MC = marginal cost, and ATC = average total cost. In monopolistic competition, which of the following most accurately describes the long-run equilibrium conditions for a firm? answer choicesP>ATC, MR=MC, and P>MC P=ATC, MR=MC, and P=MC P=ATC, MR=MC, and P>MC P=ATC, MR>MC, and P>MC

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