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A profit maximizing firm in a monopolistically competitive market differs from a firm in

A profit -maximizing firm in a monopolistically competitive market differs from a firm in a perfectly competitive market because the firm in the monopolistically competitive market.
 
A. is characterized by market-share maximization
B. has no borriers to entry
C. faces a downward-sloping demand curve for its product.
D. faces a horizontal demand curve at the market clearing price.

Jun 06 2018 View more View Less

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