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DenverMade DenverMade
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6 months ago

Firm X is a monopolistic competitive firm and a factor price taker. For this firm at the profit-maximizing factor quantity,



▸

VMP = MRP > MFC = factor price.



▸

VMP>  MRP = MFC > factor price.



▸

VMP > MRP = MFC = factor price.



▸

VMP < MRP = MFC = factor price.

Textbook 
Economics

Economics


Edition: 12th
Author:
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ixi12ixi12
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6 months ago
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DenverMade Author
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6 months ago
Just got PERFECT on my quiz
kevin12323h
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
kaytee23
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2 hours ago
Helped a lot
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