Question

What is the profit maximizing condition for a monopolistically competitive firm

Answer 1

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Answer 2

✌️✌️ hey mate here is the answer...

➡️Short-run equilibrium of the firm undermonopolistic 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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