Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Under monopolistic competition, the long run equilibrium of thefirm is established at the

/ » Micro economics 2 solved MCQs / By
Question:

Under monopolistic competition, the long run equilibrium of thefirm is established at the

A.

Minimum point of LAC

B.

Point where LAC is still falling

C.

Point where LAC is rising

D.

Minimum point of LMC

Answer» b. Point where LAC is still falling

Note: The above multiple-choice question is for all general and Competitive Exams in India.