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A monopolistic competitive firm is able to charge P > MC because: Select one: O a. monopolistic competitive firms must not set prices above P
A monopolistic competitive firm is able to charge P > MC because: Select one: O a. monopolistic competitive firms must not set prices above P = MC. O b. of high barriers to entry into the industry. O c. of product differentiation, some people will prefer their product. O d. they clearly have a superior product than their competitors
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