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Anni [7]
2 years ago
12

.A monopolistically competitive firm is operating at a short-run level of output where price is $30, average total cost is $27,

marginal cost is $20, and marginal revenue is $25. In the short run this firm should
Business
1 answer:
Neko [114]2 years ago
5 0

Based on the marginal cost and the marginal revenue to this monopolistically competitive firm, in the short run the firm should increase the level of output.

<h3>Why should the firm increase output?</h3>

Firms will maximize their profit if they produce at a point where marginal cost equals marginal revenue.

As the marginal revenue is $25 and the marginal cost is $20, the firm should increase output until both these things are the same.

Find out more on maximizing profit at brainly.com/question/13799721.

#SPJ1

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