FIGURE 2
Short-Run Equilibrium for Monopolistic Competition This monopolistically competitive firm will maximize profits in the short run by producing where MR = MC (point c). Profits are equal to the shaded area.
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FIGURE 2
Short-Run Equilibrium for Monopolistic Competition This monopolistically competitive firm will maximize profits in the short run by producing where MR = MC (point c). Profits are equal to the shaded area.