1 how will managers of a monopolistically competitive firm, Ask an Expert

Economics

1. How will managers of a monopolistically competitive firm decide on the optimal level of production? Elucidate.

2. Explain market forces that come into play in the short run if a monopolistically competitive firm is making a positive economic profit. How would this compare to the typical long-run equilibrium? Describe

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91225053

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