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Nadia owns a business that is part of a monopolistically competitive industry.

In the short run, Nadia and her competitors were incurring losses, so many of them shut down. In the long run, Nadia will now set her price:


above marginal cost and above average total cost.


above marginal cost and equal to marginal revenue


above average total cost and equal to marginal revenue


equal to marginal cost and below average total cost


equal to average total cost and above marginal cost

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