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. C. Price is equal to marginal cost. D. All of the above.

B. Each firm earns zero economic profit

Explanation:

correct answer is Each firm earns zero economic profit because as in a monopolistic competitive market, free entry and exiting the market, if there is a profit, more companies will come and it will reduce the price to zero. so that the market has zero economic benefit.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3