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71. Suppose a monopolistically competitive firm is making a profit, but it can increase its profits by increasing output. Then it must be the case

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71. Suppose a monopolistically competitive firm is making a profit, but it can increase its profits by increasing output. Then it must be the case that at the current level of output: marginal revenue is greater than marginal cost. price is less than marginal cost. price is less than average total cost. marginal revenue is less than marginal cost. price is equal to marginal revenue and marginal cost. EDP-PP"

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