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Refer to the Information Provided in Figure 15

Question 71

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Refer to the information provided in Figure 15.5 below to answer the question(s) that follow. Refer to the information provided in Figure 15.5 below to answer the question(s) that follow. Figure 15.5 -Refer to Figure 15.5. Assume the Custom Sweater Shop has fixed costs of $500 and is a monopolistically competitive firm. To maximize profits in the short run, this firm should set a price of A) $36. B) $44. C) $46. D) $50. Figure 15.5
-Refer to Figure 15.5. Assume the Custom Sweater Shop has fixed costs of $500 and is a monopolistically competitive firm. To maximize profits in the short run, this firm should set a price of


A) $36.
B) $44.
C) $46.
D) $50.

Correct Answer:

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