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Question 152

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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.If the industry were in perfect competition,the profit-maximizing output would be _____ cases. A) 6 B) 5 C) 7 D) 8
-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.If the industry were in perfect competition,the profit-maximizing output would be _____ cases.


A) 6
B) 5
C) 7
D) 8

Correct Answer:

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