Question:

Marginal revenue in monopolistic competition?

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How would you find Marginal revene in monopolistic compitition? please help me.

Q=7000

MC = 5

TVC=$71,000

TFC = $12,000

TC=83000

MR=?

TR = 98,000

profit =15,000

price=14

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1 ANSWERS


  1. The profit maximizing quantity is where MC=MR.

    So 5.

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