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July 2, 2015

Homework Help: Microeconomics

Posted by G on Thursday, October 16, 2008 at 11:14am.

Monopolistic Competition

A profit-maximizing firm in a monopolistically competitive maket is characterized by which of the following:

A. Average revenue exceeds marginal revenue.

B. Marginal revenue exceeds average revenue,

C. Average revenue is equal to marginal revenue.

D. Revenue is always maximized along with profit.

I picked D?

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