Business Studies, asked by priyamphukon230, 2 months ago

equilibrium of the firm in the long run ?

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Answers

Answered by dishasoniiii

2

Explanation:

In the long run, a firm in a monopolistic competitive market will product the amount of goods where the long run marginal cost (LRMC) curve intersects marginal revenue (MR). The price will be set where the quantity produced falls on the average revenue (AR) curve.

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