Economy, asked by thakursugandha03, 2 months ago

Question 1
illustrate the price and Output determination under monopolistic competition.​

Answers

Answered by purneetkaur93
0

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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