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Unlike a Perfectly Competitive Firm, for a Monopolistically Competitive Firm

Question 150

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-maximizing output.

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