A business in a monopolistically competitive industry

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Reference no: EM13833508

A business in a monopolistically competitive industry...

a. Has no market power (p = MC) but makes some money (p > ATC)

b. Has no market power (p = MC) and makes no money (p = ATC)

c. Has some market power (p > MC) but makes no money (p = ATC)

d. Has some market power (p > MC) and makes some money (p > ATC)

Reference no: EM13833508

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