Which of the following statements are true about both, Business Economics

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Which of the following statements are true about both

Which of the following statements are true about both monopolistic competition and monopolies? Select all that apply.

a) Price equals average total cost in the long run.

b) Price is above marginal cost.

c) Firms are not price takers.

d) Firms earn zero profit in the long run.

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Business Economics: Which of the following statements are true about both

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Business Economics: Which of the following statements are true about both

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