suppose the minimum point on the LRAC curve of a soft drink firms cola is $1 per liter.
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suppose the minimum point on the LRAC curve of a soft drink firms cola is $1 per liter. under conditions of

monopolistic competition, will the price of a liter bottle of cola in the long run be above $1, equal to $1, or less than $1, or unable to be determined?

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In the long run, the firm's selling price (per unit) will... View the full answer

Mon Comp LRE price.png

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