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ANTONII [103]
3 years ago
14

Which of the following is true at the​ long-run equilibrium in a monopolistically competitive​ market? A. Each​ firm's output is

at the point that minimizes its​ long-run average cost. B. Each firm earns zero economic profit.
Business
1 answer:
Juli2301 [7.4K]3 years ago
6 0

Answer:

B. Each firm earns zero economic profit.

Explanation:

In a monopolistic competitive market, there is free entry and exit in the market, if there is a profit more firms will come in and that will reduce the price to zero. the answer is, there will be zero economic profit in the market.

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