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I am stuck on this question, I think its B but I'm not sure, can you please help? For a competitive firm price ______ marginal
I am stuck on this question, I think its B but I'm not sure, can you please help?
For a competitive firm price ______ marginal cost. For a monopolistically competitive firm price _______ marginal cost, because the firm always has _______ market power.
a. Equals, exceeds, no.
b. Equals, exceeds, some
.c. Exceeds, equals, no.
d. Exceeds, equals, some.
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