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AP Microeconomics
Unit 4 – Imperfect Competition
Topic 4.4
Which of the following best represents the long-run equilibrium outcome for a monopolistically competitive firm?
Zero economic profits
Perfect resource allocation
Maximization of consumer surplus
Price equal to marginal cost
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AP Microeconomics - 4.4 Monopolistic Competition
Key terms
Long-run Equilibrium
Monopolistically Competitive Firm
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About Fiveable
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Terms of Use
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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