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andrew11 [14]
1 year ago
5

A monopolistically competitive firm maximizes profit in the short run by producing where?

Business
1 answer:
Olegator [25]1 year ago
5 0

In the short run, a monopolistically aggressive firm maximizes income or minimizes losses with the aid of producing that amount wherein marginal revenue = marginal cost. If the common total price is beneath the marketplace charge, then the company will earn an economic profit.

In a monopolistic market, a firm maximizes its overall income by way of equating marginal price to marginal sales and fixing for the fee of one product and the quantity it should produce.

A company in monopolistic competition maximizes profits by using identifying that fee and output at which: marginal price equals marginal revenue, or in which marginal value comes closest to marginal revenue without being greater than marginal revenue.

Learn more about monopolistic here: brainly.com/question/13113415

#SPJ4

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