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Other Fields Homework Help Economics Topic started by: Loraine on Jun 21, 2015



Title: A firm in monopolistic competition is similar to a firm in perfect competition because they both
Post by: Loraine on Jun 21, 2015
A firm in monopolistic competition is similar to a firm in perfect competition because they both
A) can earn only zero economic profit in the long run.
B) can earn only zero economic profit in the short run.
C) maximize their profits by producing where P = MR = MC.
D) Both answers A and C are correct.
E) Both answers B and C are correct.


Title: Re: A firm in monopolistic competition is similar to a firm in perfect competition because they both
Post by: VincenzoD on Jul 23, 2015
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