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  3. Study Set
    Principles of Microeconomics Study Set 8
  4. Exam
    Exam 8: Monopoly and Other Forms of Imperfect Competition
  5. Question
    -Refer to the Data Above
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-Refer to the Data Above

Question 3

Question 3

Multiple Choice

  -Refer to the data above.Assume that firm L loses sales of 75,000 units,with 40,000 units going to firm N and 35,000 units going to firm M.Firm N now has average total cost of A)  $240. B)  $184.50. C)  $153. D)  $150. E)  $142.50.
-Refer to the data above.Assume that firm L loses sales of 75,000 units,with 40,000 units going to firm N and 35,000 units going to firm M.Firm N now has average total cost of


A) $240.
B) $184.50.
C) $153.
D) $150.
E) $142.50.

Correct Answer:

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