which statement is true? for choosing the profit-maximizing quantity, the short-run decision-making process of a firm in perfect competition is the same as that of a firm in monopolistic competition since they produce so that p > mc. in both perfect competition and monopolistic competition, p equals minimum average total cost in the long run. in the long run in perfect competition, economic profits equal zero, and in monopolistic competition in the long run, economic profits are very large. in perfect competition, p
