Unlike a Perfectly Competitive Firm, for a Monopolistically Competitive Firm

question 73

Multiple Choice

Unlike a perfectly competitive firm, for a monopolistically competitive firm

• A)price ≠ marginal cost for all output levels.
• B)price ≠ marginal revenue for all output levels.
• C)price ≠ average revenue for all output levels.
• D)marginal revenue = marginal cost at the profit-maximising output.

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