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junior college 1 | H1 Maths
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Help Danielle! Anyone can contribute an answer, even non-tutors.
micro econs !! I need help with (a), thank u so muchhhh
Date Posted: 5 years ago
Views: 368
https://www.google.com/amp/s/thismatter.com/economics/monopolistic-competition-prices-output-profits.amp.htm
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
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
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