【单选题】General Snacks is a typical firm in a market characterized by the model of monopolistic competition. Initially, the market is initially in long-run equilibrium, and then there is an increase in the ma...
A.
in the long run, new firms will enter the market.
B.
there will be a short-run increase in the number of firms, but in the long run the number of firms will return to the original level.
C.
firms will leave the market in the long run.
D.
firms will shut down, but they will not leave the industry in the long run.
【单选题】General Snacks is a typical firm in monopolistic competition. If the market is in long-run equilibrium, then the price General Snacks charges for its snack goods:
A.
equals average total cost.
B.
exceeds average total cost.
C.
is less than average total cost.
D.
is more than the average for all other firms in the market.