?

AP® Microeconomics

Free Version

Upgrade subject to access all content

Easy

Monopolistic Competitors in the Long Run

APMICR-E1DGD0

In the long run, firms in monopolistic competition

A

may earn economic profit, breakeven, or incur economic loss.

B

will erect barriers to entry into the market.

C

will produce a quantity that minimizes their average costs.

D

produce a quantity where their marginal revenue exceeds their marginal cost.

E

enter or exit the market.