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

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
Correct Answer: Option B
Explanation
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