Why is there a price markup over marginal cost in monopolistic competition?

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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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Question Posted: Dec 15, 2015 07:20 AM

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Why is there a price markup over marginal cost in monopolistic competition?

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A firms markup is the amount by which price exceeds m...View the full answer

Microeconomics

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