What is the profit maximization rule for monopolistic competition? Options: A . &nbspMC=MR=P B . &nbspP >MC = MR C . &nbspMC=AR=P D . &nbspMC=AR > P

What is the profit maximization rule for monopolistic competition?

Question

What is the profit maximization rule for monopolistic competition?

Options:

A . MC=MR=P

B . P >MC = MR

C . MC=AR=P

D . MC=AR > P

Answer: Option B
:
B
Profit maximization rule for a monopolistic competition is the same as that of a monopoly.
P >MC = MR

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