In the short run, the monopolistically competitive firm will charge a price equal to marginal cost.
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Q113: Narrbegin Exhibit 9.3 Kinked demand curves
Q114: Narrbegin Exhibit 9.3 Kinked demand curves
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Q116: Homogeneous product and a large number of
Q117: It is difficult to talk conclusively about
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Q120: Firms in monopolistic competition are price takers.
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