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    Why does producing at MC=MR maximize profit for a monopolistic competitor?

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    https://brainmass.com/economics/microeconomics/21150

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    A monopolistic competitor maximizes profit by producing a quantity that corresponds to the intersection of the marginal revenue and marginal cost curves or when MR = MC. Following is the ...

    Solution Summary

    Maximum profit is clairifed.

    $2.49

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