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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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