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Question 53 (2 points) Listen Which of the following statementsabout a monopolistically competitive firm in...

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Economics

Question 53 (2 points) Listen Which of the following statementsabout a monopolistically competitive firm in longrun equilibrium istrue? It has excess capacity, even though its long-run profit iszero and its output price equals its marginal cost. It has excesscapacity and its long-run profit is positive, even though itsmarginal revenue equals its marginal cost. It has excess capacityand its output price exceeds its marginal cost, even though itslong-run profit is zero. It has no excess capacity and its long-runprofit is zero. It has no excess capacity and its marginal revenueequals its marginal cost.

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