Why is it the case in a long-run monopolistically competitive
equilibrium that the firm’s demand curve is tangent to its average
cost curve? Why could it not be a long-run equilibrium if the demand
curve “cut through” the average cost curve
https://www.onlinefreelancersnetwork.com/wp-content/uploads/2020/08/logoOFN.png00Frank Mainhttps://www.onlinefreelancersnetwork.com/wp-content/uploads/2020/08/logoOFN.pngFrank Main2021-07-05 07:28:302021-07-05 07:28:30Why is it the case in a long-run monopolistically competitive equilibrium that the firm’s demand curve is tangent to its average cost curve? Why could it not be a long-run equilibrium if the demand curve “cut through” the average cost curve?