The profit-maximizing rule for a firm in a monopolistically competitive market is to always select the quantity at which
a. average total cost is equal to marginal revenue.
b. marginal revenue is equal to marginal cost.
c. average total cost is equal to price.
d. average revenue exceeds average total cost.
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Home » Business » The profit-maximizing rule for a firm in a monopolistically competitive market is to always select the quantity at which a. average total cost is equal to marginal revenue. b. marginal revenue is equal to marginal cost. c.