Both a perfect competitor and a monopolistic competitor choose output where MC = MR, and neither makes
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Both a perfect competitor and a monopolistic competitor choose output where MC = MR, and neither makes a profit in the long run. How is it, then, that the monopolistic competitor produces less than a perfect competitor?
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Perfect Competitor vs Monopolistic Competitor Output Decision In a scenario where both a perfect competitor and a monopolistic competitor choose outpu...View the full answer
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Mehwish Aziz
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