Q280
In monopolistic competition, a firm is in long run equilibrium
A.
At the minimum point of the LAC curve
B.
In the declining segment of the LAC curve
AnswerC.
In the rising segment of the LAC curve
D.
When price is equal to marginal cost
Answer: Option B
Solution
Answer: Option B
Solution:
In monopolistic competition, a firm is in long run equilibrium is in the declining segment of the LAC curve.