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micro economic Question 3 In the short run. a rm operating in a monopolisticallyr competitive market 0 produces an output where marginal revenue equals marginal

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micro economic

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Question 3 In the short run. a rm operating in a monopolisticallyr competitive market 0 produces an output where marginal revenue equals marginal cost. and the price is determined by the demand curve. 0 must earn zero economic prots. 0 produces an output level where marginal revenue equals average total cost. 0 maximizes revenues as well as prots

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