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  3. ustion 11 of 17 a. a monopolistic competitor wishi

ustion 11 of 17 a. A monopolistic competitor wishing to maximizeprofit will select a quatity...

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Economics

ustion 11 of 17 a. A monopolistic competitor wishing to maximizeprofit will select a quatity where marginal revenue equals marginalcost. marginal cost tequals demand. marginal revenue equals averagecost. tharginal cost equals aversper coor b. If a firm is producinga quantity where marginal revenue esceeds marginal cost, the flormshould

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existing levels of prodaction in order to

q,

, decrease; increase profisability expand, decreate tocal costsexpand; increase profitability dectrase: increase tiolal reverse c.If a firm is producing a quantity where marginal cost exceedsmarginal revenue, the firm should

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eviating levels of production in order to

q,

. expand; increase proficability expand; decrease toxal costsdecrease lingram malel mornum Aversaie increase nerfitakility

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