question archive Why doesn't a monopolistically competitive firm produce where P=MC, as a perfectly competitive firm does? What are the differences between the long-run equilibrium of a perfectly competitive firm and the long-run equilibrium of a monopolistically competitive firm?   

Why doesn't a monopolistically competitive firm produce where P=MC, as a perfectly competitive firm does? What are the differences between the long-run equilibrium of a perfectly competitive firm and the long-run equilibrium of a monopolistically competitive firm?   

Subject:EconomicsPrice: Bought3

Why doesn't a monopolistically competitive firm produce where P=MC, as a perfectly competitive firm does? What are the differences between the long-run equilibrium of a perfectly competitive firm and the long-run equilibrium of a monopolistically competitive firm? 

 

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