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Chako Chako
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8 years ago
In the model of monopolistic competition, compared to a firm with a lower marginal cost, a firm with a higher marginal cost will set a ________ price, produce ________ output, and earn ________ profits.
A) higher; more; more
B) higher; less; more
C) lower; less; less
D) higher; less; less
E) lower; more; more
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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8 years ago
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Chako Author
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#2
8 years ago
Correct!
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#3
8 years ago
Happy to help you!
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