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mkendrick08 mkendrick08
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Posts: 334
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5 years ago
In the short run, the monopolistic competitor is just like the perfect competitor in that
A) equilibrium is determined by setting price equal to marginal cost.
B) either type of firm can earn economic profits, experience economic losses, or break even in the short run.
C) each equates marginal revenue and marginal cost in order to maximize profits, with the result that price exceeds marginal revenue.
D) new firms enter in the short run when firms are making profits.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 59 times
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wrote...
5 years ago
 B
mkendrick08 Author
wrote...
5 years ago
Appreciate the effort you put into answering, thank you!
wrote...
5 years ago
You're very welcome
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