A monopolistically competitive firm chooses the quantity to produce where
a. price equals marginal cost.
b. demand equals marginal cost.
c. marginal revenue equals marginal cost.
d. Both a and c are correct.
c
Economics
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How much mobility has there been through the income quintiles since 2007?
What will be an ideal response?
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The market system is based upon _____
a. money b. voluntary exchange c. capitalism d. profits
Economics
The base year for a price index is the year_____
a. in which prices were lowest b. in which prices were highest c. in which real output was the largest d. in which prices were stable e. that serves as a reference point
Economics