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Operating under monopolistic competition

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Reference no: EM132246724

A Assumimg a firm is operating under perfect competion with many producers and buyers fot its product, when should it consider shutting down in the long run? Justify your answer

B Assuming that a firm is operating under monopolistic competition with many producers and buyers for its product, under what conditions will that firm achive profit-maximization. Justify your answer.

Reference no: EM132246724

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