In monopolistically conpetitive industry: 1 people would be
better off if output were reduced 2 a...
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Economics
In monopolistically conpetitive industry: 1 people would be
better off if output were reduced 2 a firm maximizes profits when
MR=MC yet P>MC 3 ouput could be increased without an i crease on
total cost 4 to maximize profits , firms set MR =MC And people
would be better off if output were reduced
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