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

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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.