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Other Fields Homework Help Economics Topic started by: stars_and_moon on Jul 19, 2016



Title: A firm in monopolistic competition maximizes profits by producing the quantity where
Post by: stars_and_moon on Jul 19, 2016
A firm in monopolistic competition maximizes profits by producing the quantity where
A) price equals average cost.
B) marginal revenue equals average cost.
C) marginal revenue equals marginal cost.
D) price equals marginal cost.


Title: Re: A firm in monopolistic competition maximizes profits by producing the quantity where
Post by: kingby on Aug 11, 2016
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Title: Re: A firm in monopolistic competition maximizes profits by producing the quantity where
Post by: stars_and_moon on Aug 17, 2016
Perfectly answered :D

Cheers


Title: Re: A firm in monopolistic competition maximizes profits by producing the quantity where
Post by: kingby on Aug 18, 2016
I instantly knew the answer when I read the question, happy to help