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Sliva [168]
3 years ago
8

For a monopolistically competitive firm, at the profit-maximizing quantity of output,

Business
1 answer:
elena-s [515]3 years ago
5 0
The rest of it will be: price equals marginal cost. But this indeed is not true. The most accepted idea is that for a monopolistically competitive firm the average revenue and price are the same quantity. Now, when a monopolistically competitive firm is in long-run equilibrium, then the marginal revenue is equal to marginal cost. 
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Answer:

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