In the short run, a profit-maximizing monopolistic-ally competitive firm sets its price:
a. equal to marginal revenue.
b. below marginal cost.
c. above marginal cost.
d. equal to marginal cost.
Answer: C
In the short run, a profit-maximizing monopolistic-ally competitive firm sets its price:
a. equal to marginal revenue.
b. below marginal cost.
c. above marginal cost.
d. equal to marginal cost.
Answer: C