A monopolistically competitive firm maximizes profit by producing where marginal revenue equals marginal cost.

Name: A monopolistically competitive firm maximizes profit by producing where marginal revenue equals marginal cost.
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In monopolistic competition, just like in perfect competition and monopoly markets, firms maximize profit by producing at the level where marginal revenue (MR) equals marginal cost (MC). This is the profit-maximizing condition in standard economic theory.

A Monopolistically Competitive Firm Maximizes Profit by Producing Where Marginal