116k views
4 votes
How does the​ long-run equilibrium for a monopolistically competitive market differ from the​ long-run equilibrium for a perfectly competitive​ market? One way in which monopolistically competitive markets and perfectly competitive markets differ is that in​ long-run equilibrium, monopolistically competitive firms A. charge a price greater than marginal cost . B. do not earn zero economic profits. C. charge a price less than marginal revenue. D. produce at minimum marginal cost. E. produce where marginal revenue is less than marginal cost.

1 Answer

3 votes
Chupa mis huevos. Javi se hace no es tan difícil
User Unlut
by
7.9k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories