Business, 06.03.2020 08:32 teacherpreacher
Monopolistically competitive firms: a will set price where MC > MR. b earn a positive economic profit if price is greater than ATC. c engage in collusive activity in order to maximize profit. d are regulated by the government to keep long-run economic profits equal to zero. e are very similar to perfect competitors in producing at the minimum ATC.
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Monopolistically competitive firms: a will set price where MC > MR. b earn a positive economic pr...
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