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-Kevin Owns a Personal Training Gymnasium in Adelaide

Question 5

Multiple Choice

-Kevin owns a personal training gymnasium in Adelaide. The above figure shows the demand and cost curves for his firm, which competes in a monopolistically competitive market. What price will Kevin charge per session? A) $40 B) $100 C) $60 D) $80 E) $20
-Kevin owns a personal training gymnasium in Adelaide. The above figure shows the demand and cost curves for his firm, which competes in a monopolistically competitive market. What price will Kevin charge per session?


A) $40
B) $100
C) $60
D) $80
E) $20

Correct Answer:

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