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What Is the Profit-Maximising Rule for a Monopolistically Competitive Firm

Question 253

Multiple Choice

What is the profit-maximising rule for a monopolistically competitive firm?


A) to produce a quantity that maximises market share
B) to produce a quantity that maximises total revenue
C) to produce a quantity such that marginal revenue equals marginal cost
D) to produce a quantity such that price equals marginal cost

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