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Which of the following conditions is met in the long-run equilibrium in monopolistic competition, where the firm is earning only normal profits?

A. MC =AC and P

B. MC = AC and P=MR

C. P =MC and P

D. MC=MR and P =AR= ATC

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  2. At a point above the middle of a straight line demand curve, elasticity of demand is:
  3. There is no difference between fixed and variable factors in the:
  4. If the commodity is normal then Income Effect (I.E) is:
  5. Which is not a central problem of an economy?
  6. Consumers Surplus can also be defined as:
  7. In case of monopoly, both AR and MR fall, but MR falls:
  8. Competitors in monopolistic competition have full control over:
  9. The budget constraint equation of the firm is:
  10. In the case of a normal goods, the income effect:
  11. Identify the work of Irving Fisher:
  12. The difference between accounting profits and economic profits is:
  13. The arc elasticity is the measure of average elasticity at the mid-point of the chord and connects:
  14. In cournot model, firms face:
  15. Economic laws are:
  16. Utility means:
  17. When total revenue (TR) falls in monopoly then elasticity of demand is:
  18. Average cost curve contains in it:
  19. When the level of optimal factor combination is over and more labor is employed with the fixed plant,…
  20. In monopolistic competition, the customers are attached with one product because of:
  21. The firms in non-cooperative games:
  22. Who wrote An Introduction to Positive Economics?
  23. The reaction curve of a firm is attained by joining the:
  24. The low cost price leader will charge:
  25. Kinked Demand Curve is consistent with which one of the following market situations?
  26. The long run average cost curve is:
  27. The monopolist who is producing the same output from two (or more than two) plants is concerned with:
  28. When price decreases and with it the total outlay on a commodity also decreases, it is a case of:
  29. In monopoly:
  30. If two goods have same marginal utility for a consumer then: