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A Monopolistically Competitive Firm Maximizes Profit in the Short Run

Question 86

Multiple Choice
A monopolistically competitive firm maximizes profit in the short run by producing where A)price is less than marginal cost. B)price is less than marginal revenue. C)price is less than average revenue. D)price is greater than marginal cost.

A monopolistically competitive firm maximizes profit in the short run by producing where


A) price is less than marginal cost.
B) price is less than marginal revenue.
C) price is less than average revenue.
D) price is greater than marginal cost.

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