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Author Question: As a firm in monopolistic competition sets the price for its product, the firm faces a tradeoff between (Read 138 times)

Ebrown

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As a firm in monopolistic competition sets the price for its product, the firm faces a tradeoff between
◦ supply and demand.
◦ efficiency and equity.
◦ internal and external economies of scale.
◦ price and the quantity it can sell.
◦ its marginal revenue and its price.


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Marked as best answer by Ebrown on May 24, 2019

mmj22343

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