MCQOPTIONS
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| 1. |
In short run a monopolistic competition firm will be in equilibrium where |
| A. | MR = curve intersect SMC curve from above |
| B. | MR curve intersect SMC curve from below |
| C. | MC = AR |
| D. | MR curve intersect SMC from below and P is equal to or more than AVC |
| Answer» E. | |