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In the long run, the equilibrium point of a monoplistic firm is a point where...

Economics
JAMB 2005
In the long run, the equilibrium point of a monoplistic firm is a point where the
  • A. marginal cost curve is tangential to the average fixed cost curve
  • B. demand curve is tangential to the average variable cost curve
  • C. supply cuvre is tangential to the marginal cost curve
  • D. demand curv is tangential to the average cost curve
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Correct Answer: Option B
Explanation
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