Monopolistic competition and perfect competition

Reference no: EM13697357

Which of the following is a characteristic of both monopolistic competition and perfect competition?

A) Firms face significant barriers to entry

B) A firm's marginal revenue curve is below its demand curve

C) In the long run, a firm will earn zero economic profit

D) In the long run, a firm will produce a levee of output that corresponds to the minimum point of their average total cost curve

Reference no: EM13697357

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