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    Microeconomics Study Set 51
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    Exam 11: Monopolistic Competition, Oligopoly, and Game Theory
  5. Question
    Exhibit 24-3 Refer to Exhibit 24-3. for This Profit Maximizing Monopolistic Competitor
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Exhibit 24-3 Refer to Exhibit 24-3. for This Profit Maximizing Monopolistic Competitor

Question 46

Question 46

Multiple Choice

Exhibit 24-3 Exhibit 24-3   Refer to Exhibit 24-3. For this profit maximizing monopolistic competitor profit is represented by the area A) 0P<sub>4</sub>DQ<sub>3</sub>. B) P<sub>5</sub>P<sub>3</sub>CE. C) P<sub>3</sub>P<sub>1</sub>AC. D) 0Q<sub>1</sub> times P<sub>2</sub>P<sub>4</sub>. E) 0Q<sub>1</sub> times P<sub>2</sub>P<sub>5</sub>.
Refer to Exhibit 24-3. For this profit maximizing monopolistic competitor profit is represented by the area


A) 0P4DQ3.
B) P5P3CE.
C) P3P1AC.
D) 0Q1 times P2P4.
E) 0Q1 times P2P5.

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