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A profit-maximizing firm in a monopolistically competitive market is characterized by which of the following? average revenue exceeds marginal revenue marginal revenue equals marginal cost price exceeds
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A profit-maximizing firm in a monopolistically competitive market is characterized by which of the following?

average revenue exceeds marginal revenue
marginal revenue equals marginal cost
price exceeds marginal cost
All of the above are correct

User Jan Franta
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2 votes

Answer: I believe the answer is B-price exceeds marginal cost.

Explanation: i done my research

User Whitney Foster
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