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18 Aug 2020
A monopolistic competitive firm maximizes profits by producing at the point where:
a) total revenue is at a maximum.
b) marginal revenue equals average cost.
c) marginal revenue equals marginal cost.
d) price equals marginal revenue.
e) b and d
A monopolistic competitive firm maximizes profits by producing at the point where:
a) total revenue is at a maximum.
b) marginal revenue equals average cost.
c) marginal revenue equals marginal cost.
d) price equals marginal revenue.
e) b and d
Ronaldo MendozaLv10
6 Oct 2020
