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August 28, 2015

Homework Help: Economics

Posted by Sally on Monday, December 4, 2006 at 10:26pm.

For the following characteristic say whether it describes a perfectly competitive firm, a monopolistically competitive firm, monopoly firm, or neither.
Equates marginal revenue and marginal cost

I would think that it would be each one of them since each one uses the Golden Rule(MR=MC)

I agree

Thanks for the help.

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