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ECON 101 > Chapter 17: Monopolistic competition and advertising > Flashcards

Chapter 17: Monopolistic competition and advertising Flashcards

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1
Q

In general, if a business in a monopolistic competitive market is in long-run equilibrium, then the price they charge is ___ (equal/ above/ below) average total cost

A

equal to

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ECON 101 (11 decks)

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