MCQOPTIONS
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| 1. |
*$_In monopolistic competition, a firm is in long run equilibrium? |
| A. | At the minimum point of the LAC curve |
| B. | In the declining segment of the LAC curve |
| C. | In the rising segment of the LAC curve |
| D. | When price is equal to marginal cost |
| Answer» C. In the rising segment of the LAC curve | |