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    Microeconomics Study Set 25
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    Exam 15: Monopolistic Competition and Product Differentiation
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    Use the Following to Answer Question
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Use the Following to Answer Question

Question 124

Question 124

Multiple Choice

Use the following to answer question: Use the following to answer question:   -Table: Spring Water.The table shows the demand and cost data for a firm in a monopolistically competitive industry producing drinking water from underground springs.At the profit-maximizing output,profit is: A) $9.00. B) $10.00. C) $60.00. D) $7.00.
-Table: Spring Water.The table shows the demand and cost data for a firm in a monopolistically competitive industry producing drinking water from underground springs.At the profit-maximizing output,profit is:


A) $9.00.
B) $10.00.
C) $60.00.
D) $7.00.

Correct Answer:

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