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Author Question: When a firm maximizes its profit, which of the following is correct for firms in monopolistic ... (Read 27 times)

hubes95

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on: May 24, 2019
When a firm maximizes its profit, which of the following is correct for firms in monopolistic competition and perfect competition?
◦ P = MC for both types of firms.
◦ P = MR = MC for firms in perfect competition, and P > MR = MC for firms in monopolistic competition.
◦ MR = MC for firms in perfect competition and MR > MC for firms in monopolistic competition.
◦ P > MR = MC for firms in both perfect competition and monopolistic competition.
◦ P = ATC always for firms in both perfect competition and monopolistic competition.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by hubes95 on May 24, 2019

Amiracle

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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hubes95

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

ebonylittles

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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