Economy, asked by aditisachdeva062, 2 months ago

price determination of industry in monopolistic competition​

Answers

Answered by Anonymous
16

Answer:

Under monopolistic competition, the firm will be in equilibrium position when marginal revenue is equal to marginal cost. In short run, therefore, the firm will be in equilibrium when it is maximising profits, i.e., when MR = MC. ...

Answered by Anonymous
3

Answer:

Under monopolistic competition, the firm will be in equilibrium position when marginal revenue is equal to marginal cost. In short run, therefore, the firm will be in equilibrium when it is maximising profits, i.e., when MR = MC. ...

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