How does a monopolistically competitive firm determine its
optimal price? Question 15 options:

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Question: How does a monopolistically competitive firm determine its optimal price? Question 15 options: A)…
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A) The firm’s pricing structure is set by government
regulators.

B) Graphically, it finds the place where MR = MC and charges the
price directly to the left of that point.

C) It accepts the price set by the industry-wide forces of
supply and demand

D) The firm determines its profit-maximizing output and then
charges the price associated with the point on its demand curve
directly above that quantity.

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