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A profit-maximizing firm in a monopolistically competitive market is characterized by which of the following? average revenue exceeds marginal revenue marginal revenue equals ma…

A profit-maximizing firm in a monopolistically competitive market is characterized by which of the following? average revenue exceeds marginal revenue marginal revenue equals ma…
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A profit-maximizing firm in a monopolistically competitive market is characterized by which of the following?

average revenue exceeds marginal revenue
marginal revenue equals marginal cost
price exceeds marginal cost
All of the above are correct

asked
User Jan Franta
by
7.2k points

1 Answer

2 votes

Answer: I believe the answer is B-price exceeds marginal cost.

Explanation: i done my research

answered
User Whitney Foster
by
9.7k points
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