If a monopolistically competitive firm is producing 7,000 units of output and at this output level, the price is $12 and the average total cost is $10, the firm profit/loss is equal to ________ and it ________ possible for the firm to be in long-run equilibrium.
A) $14,000; is not
B) -$14,000; is not
C) $14,000; is
D) -$14,000; is
A) $14,000; is not
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