MCQOPTIONS
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| 1. |
In monopolistic competition, a firm is in long run equilibrium |
| A. | t the minimum point of the LAC curve |
| B. | n the declining segment of the LAC curve |
| C. | n the rising segment of the LAC curve |
| D. | hen price is equal to marginal cost |
| Answer» C. n the rising segment of the LAC curve | |