Which of the following condition are met in the long run equilibriumof the monopolistic competitor earning only normal profit

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Question:

Which of the following condition are met in the long run equilibriumof the monopolistic competitor earning only normal profit

A.

MC=AC

B.

P=AC

C.

P=MR

D.

P=MC

Answer» b. P=AC

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