dillonshawn4851 dillonshawn4851
  • 29-12-2021
  • Business
contestada

what is the profit-maximizing rule for a monopolistically competitive firm?

Respuesta :

tanya222singh
tanya222singh tanya222singh
  • 29-12-2021

Answer:

Hey Friend.....

Explanation:

This is ur answer.....

In a monopolistically competitive market, the rule for maximizing profit is to set MR = MC—and the price is higher than marginal revenue, not equal to it because the demand curve is downward sloping.

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