For a profit-maximizing monopolistically competitive firm, marginal revenue exceeds marginal cost in
A)the short run but not in the long run.
B)the long run but not in the short run.
C)both the short run and the long run.
D)neither the short run nor the long run.

Question

Quizplus · Accepted Answer

The Answer of For a profit-maximizing monopolistically competitive firm, marginal revenue exceeds marginal cost in
A)the short run but not in the long run.
B)the long run but not in the short run.
C)both the short run and the long run.
D)neither the short run nor the long run.

For a Profit-Maximizing Monopolistically Competitive Firm, Marginal Revenue Exceeds Marginal