In a monopolistically competitive industry, the profit-maximising firm will produce where marginal costs are equal to average total cost.

Name: In a monopolistically competitive industry, the profit-maximising firm will produce where marginal costs are equal to average total cost.
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In a monopolistically competitive industry, the profit-maximizing firm will produce where marginal costs are equal to marginal revenue, not where marginal costs are equal to average total cost.

In a Monopolistically Competitive Industry, the Profit-Maximising Firm Will Produce