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junior college 1 | H1 Maths
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junior college 1 chevron_right H1 Maths chevron_right Singapore

micro econs !! I need help with (a), thank u so muchhhh

Date Posted: 4 months ago
Views: 32
3 months ago

Normally we look for for MC = MR. But in this case we don't have such an output . MC = MR lies between output of 4 and 5.

Output 4 gives more profit than output 5. Since in the short run, a monopolistically competitive firm maximizes profit or minimizes losses, 4 should be the output