If a monopolistically competitive firm is producing 500 units of output and at this output level, the price is $2 and the average total cost is $2, the firm profit/loss is equal to and it possible for the firm to be in long-run equilibrium.

A) $0; is
B) $50; is
C) $0; is not
D) -$50; is not

A) $0; is

Anthropology & Archaeology

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If a monopolistically competitive firm is producing 500 units of output and at this output level, the price is $2 and the average total cost is $2, the firm profit/loss is equal to ________ and it ________ possible for the firm to be in long-run equilibrium.

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If a monopolistically competitive firm is producing 500 units of output and at this output level, the price is $2 and the average total cost is $2, the firm profit/loss is equal to and it possible for the firm to be in long-run equilibrium.