Economy, asked by pkanaujia9191, 2 months ago

Under monopolistic competition,
a seller gains abnormal profit when

Answers

Answered by rinkysethi16

Answer:

Short-run equilibrium of the firm under monopolistic competition. The firm maximizes its profits and produces a quantity where the firm's marginal revenue (MR) is equal to its marginal cost (MC). The firm is able to collect a price based on the average revenue (AR) curve

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