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A monopolistically competitive firm is producing at an output level in the short run where average total cost is $4.75, price is $4.75, marginal revenue is $3.00, and marginal c…

A monopolistically competitive firm is producing at an output level in the short run where average total cost is $4.75, price is $4.75, marginal revenue is $3.00, and marginal c…
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A monopolistically competitive firm is producing at an output level in the short run where average total cost is $4.75, price is $4.75, marginal revenue is $3.00, and marginal cost is $3.50. This firm is operating

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User Denziloe
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7.4k points

1 Answer

4 votes

Answer:

loss at the short run

Step-by-step explanation:

marginal cost is higher than the marginal revenue

answered
User Abobreshov
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6.9k points
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