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Mrs. Smith's bakery shop is a firm in monopolistic competition. The firm's marginal revenue curve Mrs. Smith's bakery shop is a firm in monopolistic competition.
Mrs. Smith's bakery shop is a firm in monopolistic competition. The firm's marginal revenue curve c is upward sloping. is the same as the demand curve. B D is downward sloping and above the demand curve. is downward sloping and lies below the demand curve.
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
