Which of the Following Is Not True About a Monopolistic

question 3

Multiple Choice

Which of the following is not true about a monopolistic competitor?

• A)It maximizes profit at the point where MC = MR.
• B)It produces less output than a perfectly competitive firm,ceteris paribus.
• C)It charges a higher price than a perfectly competitive firm,ceteris paribus.
• D)It can earn economic profits in the long run.

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