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:Nope.  The answer is (c).  The question asked how monopolistic competition DIFFERED from perfect competition.  It is particularly important in economics to read the question carefully before answering.  In perfect competition, P=MC.  The rest of your analysis is fine.  (Minus 1).
 
:Nope.  The answer is (c).  The question asked how monopolistic competition DIFFERED from perfect competition.  It is particularly important in economics to read the question carefully before answering.  In perfect competition, P=MC.  The rest of your analysis is fine.  (Minus 1).
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:Terrific final homework, among the best.  Congratulations on completing all the homework in this very difficult course!  If you work hard in reviewing Lecture #14, the other review sections in recent lectures, and the midterm exam, then you'll ace the final exam on Jan. 7th here ... and the CLEP exam for college credit!  Merry Christmas to you in the meantime.--[[User:Aschlafly|Andy Schlafly]] 11:23, 20 December 2009 (EST)
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:Terrific final homework, among the best.  49/50.  Congratulations on completing all the homework in this very difficult course!  If you work hard in reviewing Lecture #14, the other review sections in recent lectures, and the midterm exam, then you'll ace the final exam on Jan. 7th here ... and the CLEP exam for college credit!  Merry Christmas to you in the meantime.--[[User:Aschlafly|Andy Schlafly]] 11:23, 20 December 2009 (EST)
 
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