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Author Question: A monopolistically competitive firm maximizes profit where (Read 151 times)

bobbysung

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on: Apr 19, 2019

Question 1

A monopolistically competitive firm produces where


◦ marginal revenue equals price.
◦ its marginal revenue curve lies above its demand curve.
◦ its marginal revenue curve intersects the quantity axis.
◦ marginal revenue equals marginal cost.

Question 2

A monopolistically competitive firm maximizes profit where


◦ MR > 
MC.
◦ MC > 
MR.
◦ MR = 
MC.
◦ P = 
MC.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by bobbysung on Apr 19, 2019

Jsherida

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Reply #1 on: Apr 19, 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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bobbysung

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Reply #2 on: Apr 19, 2019
Thanks


Jsherida

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Reply #3 on: Apr 19, 2019
Welcome :)


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