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Generally, the monopolistic competitor is in long run equilibrium when MRMC and P = ATC. P=MC = ATC. P = MC and P> ATC. MR = MC = ATC. b and d

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Generally, the monopolistic competitor is in long run equilibrium when
MR = MC and P = ATC.
OP=MC = ATC.
P = MC and P> ATC.
MR = MC = ATC.
b and d

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