Why doesn't a monopolistically competitive firm produce where P = MC, as a perfectly competitive firm does?

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 07:15 AM

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Why doesn't a monopolistically competitive firm produce where P = MC, as a perfectly competitive firm does?

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Because P MR for a monopolistically competitive firm a profitm...View the full answer

Economics

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