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emlaai emlaai
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5 years ago
In order to differentiate their product brands from those of competing firms, monopolistically competitive firms

• advertise their product.

• take their competitor's reactions to changes in their policies into account.

• spread false rumors about their competitors.

• equate marginal cost to marginal revenue to determine the profit maximizing quantity.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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blazeypoohblazeypooh
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5 years ago
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