Business, 11.03.2020 23:05, Jessietorres2123

In a long-run equilibrium, A. both a perfectly competitive firm and a monopolistically competitive firm operate at their efficient scale of production. B. neither a competitive firm nor a monopolistically competitive firm charges a markup over marginal cost. C. only a perfectly competitive firm operates at its efficient scale. D. only a monopolistically competitive firm operates at its efficient scale.

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In a long-run equilibrium, A. both a perfectly competitive firm and a monopolistically competitive f...