What is the profit-maximizing rule for a monopolistically ...

[jon_i]

What is the profit-maximizing rule for a monopolistically competitive firm?
 
  A) to produce a quantity that maximizes market share
  B) to produce a quantity that maximizes total revenue
  C) to produce a quantity such that price equals marginal cost
  D) to produce a quantity such that marginal revenue equals marginal cost

Question 2

If an industry is made up of five identical firms, the four-firm concentration ratio is
 
  A) 5. B) 20. C) 80. D) 100.

[Jadwiga9]

Answer to Question 1

D

Answer to Question 2

C

[jon_i]

Excellent

[kthug]

Thanks for the timely response, appreciate it