The monopolistically competitive seller maximizes profit by producing at the point where

A) total revenue is at a maximum.
B) average costs are at a minimum.
C) marginal revenue equals marginal cost.
D) price equals marginal revenue.

Question

Alexis chaidez · Accepted Answer

Final Answer : C, Explanation :  In a monopolistically competitive market, a seller maximizes profit by producing at the quantity where marginal revenue (MR) equals marginal cost (MC). This is the profit-maximizing condition for all firms, regardless of the market structure.

The monopolistically competitive seller maximizes profit by producing at the point where

A) total revenue is at a maximum.
B) average costs are at a minimum.
C) marginal revenue equals marginal cost.
D) price equals marginal revenue.

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Learning Objectives

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The monopolistically competitive seller maximizes profit by producing at the point whereA) total revenue is at a maximum.B) average costs are at a minimum.C) marginal revenue equals marginal cost.D) price equals marginal revenue.

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Learning Objectives

Learning Objectives

Related questions

The monopolistically competitive seller maximizes profit by producing at the point where

A) total revenue is at a maximum.
B) average costs are at a minimum.
C) marginal revenue equals marginal cost.
D) price equals marginal revenue.