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23 September, 17:37

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. sells its product in a highly-concentrated market.

b. chooses its profit-maximizing quantity where marginal revenue equals marginal cost.

c. faces a downward-sloping demand curve for its product.

d. can earn profits in the long run.

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  1. 23 September, 18:18
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    C is the answer for this question
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