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Commerce · Q1209

Economics

Graduate and Post Graduate · Commerce · question 1209

Q1209

In monopolistic competition of firm remains in equilibrium in the long run

A.
At the lowest point of the long run average cost curve
B.
In the descending segment of the long run average cost curve
Answer
C.
In rising segment of the long run average cost curve
D.
When price is equal to marginal cost

Answer: Option B

Solution

Answer: Option B
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