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A monopolistic competitive firm maximizes profits by producing at the point where Group of answer choices a)total revenue is at a maximum. b)marginal revenue equals
A monopolistic competitive firm maximizes profits by producing at the point where
Group of answer choices
a)total revenue is at a maximum.
b)marginal revenue equals average cost.
c)marginal revenue equals marginal cost.
d)price equals marginal revenue.
e)b and d
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