Business, 03.12.2019 18:31 jasmineeeee449292

Which of the following is true of a monopolistically competitive firm in long-run equilibrium? select the correct answer below: a the firm produces the allocatively efficient level of output. b the firm is allocatively inefficient, because it produces an output level at which price is greater than marginal cost c the firm produces an output level that minimizes average total cost d the firm earns positive economic profits but zero accounting profits

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Which of the following is true of a monopolistically competitive firm in long-run equilibrium? sele...