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Author Question: A firm in monopolistic competition is similar to a firm in perfect competition because they both (Read 153 times)

Mr.Thesaxman

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on: May 24, 2019
A firm in monopolistic competition is similar to a firm in perfect competition because they both
◦ can make only zero economic profit in the long run.
◦ can make only zero economic profit in the short run.
◦ maximize their profits by producing where P = MR = MC.
◦ Both answers can make only zero economic profit in the long run and maximize their profits by producing where P = MR = MC are correct.
◦ Both answers can make only zero economic profit in the short run and maximize their profits by producing where P = MR = MC are correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by Mr.Thesaxman on May 24, 2019

mjbamaung

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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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Mr.Thesaxman

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Reply #2 on: May 24, 2019
Excellent


mjbamaung

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Reply #3 on: May 24, 2019
Great! Please up vote :D


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