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Just like a monopolist, a monopolistically-competitive firm: a) can raise its price without losing all sales. b) is a price maker. c) produces the quantity
Just like a monopolist, a monopolistically-competitive firm:
a) can raise its price without losing all sales.
b) is a price maker.
c) produces the quantity at which marginal revenue equals marginal cost.
d) All of the above are correct.
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