The long-run equilibrium outcomes in monopolistic competition and perf – McqOptions

MCQOPTIONS

1.	The long-run equilibrium outcomes in monopolistic competition and perfect competition are similar because in both market structures ?
A.	the efficient output level will be produced in the long run
B.	firms will only earn a normal profit
C.	firms realize all economies of scale
D.	firms will be producing at minimum average cost
Answer» C. firms realize all economies of scale

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