Both a perfect competitor and a monopolistic competitor choose output where MC = MR, and neither makes

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Both a perfect competitor and a monopolistic competitor choose output where MC = MR, and neither makes a profit in the long run. How is it, then, that the monopolistic competitor produces less than a perfect competitor?

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Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

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Question Posted: Mar 14, 2024 04:00 AM

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Both a perfect competitor and a monopolistic competitor choose output where MC = MR, and neither makes

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Microeconomics

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