Multiple Choice
A monopolistically competitive firm faces the following demand curve for its product: 
The firm has total fixed costs of $120 and a constant marginal cost of $12 per unit. We can conclude that
A) firms will exit this market.
B) firms will enter this market.
C) this market is in long-run equilibrium.
D) this firm is operating at its efficient scale.
Correct Answer:
Verified
Correct Answer:
Verified
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