Business, 18.04.2020 04:53 mayasofia

You are hired as the consultant to a monopolistically competitive firm. The firm reports the following information about its price, marginal cost, and average total cost: P>MC, P=ATC. In what position is the monopolistically competitive firm?

A. A long run disequilibrium position
B. A short run disequilibrium position
C. A long run equilibrium position
D. A short run equilibrium position

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