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21-11-2019
Business

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Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that ____________.

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cancinodavidq cancinodavidq

24-11-2019

Answer:

P = Average Total Cost

Explanation:

Because the market is monopolistically competitive market, one can tell that it is in long run equilibirum by the fact that P = ATC at the optimal quantity. Furthermore, the quantity he firm produces in long run equilibrium is less than efficient scale.

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