Will the long-run price of a table be above from given

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Reference no: EM132140924

Question: Assume that in long-run equilibrium the minimum point of the LRAC curve for a table manufacturer's tables in $200 per table. Under conditions of monopolistic competition, will the long-run price of a table be above $200, equal to $200 or less than $200. Explain your answer. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132140924

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