In long-run equilibrium, a monopolistically competitive firm will produce: A) along the downward-sloping portion of its...

In long-run equilibrium, a monopolistically competitive firm will produce:

A) along the downward-sloping portion of its ATC curve

B) at full capacity

C) at its minimum average cost

D) at the minimum point of its marginal cost curve

E) along the upward-sloping portion of its ATC curve

Solutions

Expert Solution

along the downward-sloping portion of its ATC curve

the above is answer..

option A)

because it will lower the average total cost

Rahul Sunny answered 1 year ago

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