Which of the following is not true of long run equilibrium under monopolistic competition?
A) Price equals marginal cost.
B) Price equals average cost.
C) Price equals minimum average total cost.
D) None of the above.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is not true of long run equilibrium under monopolistic competition?
A) Price equals marginal cost.
B) Price equals average cost.
C) Price equals minimum average total cost.
D) None of the above.

Which of the Following Is Not True of Long Run