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-The Above Figure Shows the Demand and Cost Curves for a Monopolistically

Question 79

Multiple Choice

-The above figure shows the demand and cost curves for a monopolistically competitive firm in the long run. The firm maximizes its profit by A) producing 8 units and charging a price of $5. B) producing 8 units and charging a price of $15. C) producing 16 units and charging a price of $10. D) producing 20 units and charging a price of $25.
-The above figure shows the demand and cost curves for a monopolistically competitive firm in the long run. The firm maximizes its profit by


A) producing 8 units and charging a price of $5.
B) producing 8 units and charging a price of $15.
C) producing 16 units and charging a price of $10.
D) producing 20 units and charging a price of $25.

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