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Loraine Loraine
wrote...
Posts: 4563
9 years ago
In monopolistic competition, profit is maximized by producing so that marginal revenue
A) equals price.
B) is negative.
C) equals marginal cost and which are less than price.
D) equals average total cost but not marginal cost.
E) equals marginal cost and equals price.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 135 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Answer verified by a subject expert
VincenzoDVincenzoD
wrote...
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Posts: 1913
9 years ago
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Loraine Author
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9 years ago
Thanks for your help!!
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Yesterday
You make an excellent tutor!
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2 hours ago
Correct Slight Smile TY
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