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Ksenya-84 [330]
2 years ago
13

Who sets the price in a monopolistic competition

Social Studies
1 answer:
In-s [12.5K]2 years ago
5 0

, In monopolistic competition, firms make price/output decisions as if they were a monopoly. They will produce where marginal revenue equals marginal cost., Free entry into the market may ultimately shrink the economic profits of monopolistically competitive firms.

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max2010maxim [7]

Answer:

<h3>Social media connects different kinds of people and platforms. </h3>

Explanation:

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In this way, social media also helps in reporting many other issues which are prevalent in the society.

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VikaD [51]
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Answer:

A

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4 years ago
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