How will managers of a monopolistically competitive firm, Microeconomics

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How will managers of a monopolistically competitive firm

1. How will managers of a monopolistically competitive firm decide on the optimal level of production? Elucidate.

2. Explain market forces that come into play in the short run if a monopolistically competitive firm is making a positive economic profit. How would this compare to the typical long-run equilibrium? Describe

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Microeconomics: How will managers of a monopolistically competitive firm

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