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A monopolistic competitive firm maximizes profits by producing at the point where

cjohns21

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A monopolistic competitive firm maximizes profits by producing at the point where

▸

total revenue is at a maximum.

▸

marginal revenue equals average cost.

▸

marginal revenue equals marginal cost.

▸

price equals marginal revenue.

▸

b and d

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Economics

Edition: 12^th

Author: Arnold

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