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

Related Questions

  1. An effective price ceiling usually results in:
  2. The number of sellers in oligopoly are:
  3. The basic subject matter of economics is:
  4. MC curve is:
  5. Government planners play a central role in allocating resources:
  6. The basic and essential economic problems in a community are related to choice and:
  7. J.R.Hicks was:
  8. A firm under perfect competition has:
  9. Which of the following theories of trade cycle was presented by William Jevons?
  10. In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :
  11. When sales tax is imposed on monopolist, its:
  12. In dominant strategies I am doing the best, I can no matter:
  13. The equilibrium level of output for the pure monopolist is where:
  14. If the production function is homogeneous, the expansion path will be a straight line through the origin…
  15. In case of monopoly, the price charged against the additional unit is:
  16. The competitive equilibrium leads to:
  17. Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity…
  18. Other things remaining the same, when a consumers income increases his equilibrium point moves to:
  19. The Modern and Neo-Keynsian Theory of Interestwas presented by:
  20. Contracts made by firms in cooperative games are:
  21. When SAC curve rises, SMC curve lies its:
  22. A demand schedule is shown as:
  23. Entry of new firms into a competitive market will shift the supply curve of the:
  24. The minimization of costs subject to output requires equilibrium at the lowest:
  25. Under which of the following forms of the market structure does a firm have no control over the price…
  26. Demand of a commodity is elastic when:
  27. If two goods are perfect substitutes then IC will be:
  28. Decrease in demand results in:
  29. The demand of the luxuries is:
  30. A monopoly producer usually earns:

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