How is a monopolistically competitive firm similar to a monopoly firm?
A) Both produce where marginal revenue equals marginal cost.
B) Both will observe entry into the industry if economic profit is positive.
C) Both produce a unique good.
D) Both produce where price equals marginal cost.
A
Economics
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Because the process can increase average wages, collective bargaining increases the well-being of all workers.
a. true b. false
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