In the long run if the demand curve of a monopolistically, Ask an Expert

Economics

In the long run, if the demand curve of a monopolistically competitive firm is tangent to its average total cost curve then

A. the firm would break even.

B. the firm would shut down temporarily.

C. the firm would earn enough revenue to cover its variable costs, but not its fixed costs.

D. the firm would earn an economic profit.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91274717

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