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The short run equilibrium level of output of the monopolisticcompetitor is given by

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Question:

The short run equilibrium level of output of the monopolisticcompetitor is given by

A.

Price = MC

B.

Price= AC

C.

MC=MR

D.

P=MR

Answer» c. MC=MR

Note: The above multiple-choice question is for all general and Competitive Exams in India.