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Loraine Loraine
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Posts: 4563
8 years ago
"A firm in monopolistic competition maximizes its profit by producing where its price is equal to its marginal cost." Is the previous statement correct or incorrect?
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 246 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
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Posts: 1913
8 years ago
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Loraine Author
wrote...

8 years ago
Brilliant
wrote...

Yesterday
Helped a lot
wrote...

2 hours ago
Good timing, thanks!
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