Economy, asked by ayushsethi32, 9 months ago

in long run the monopoly competitive firm has earn
1. abnormal profit
2. normal profit
3. loss
4. none of these

Answers

Answered by moomintariq22

Long Run Equilibrium of Monopolistic Competition: 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 result is that in the long-term the firm will break even

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