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Exhibit 24-8 Refer to Exhibit 24-8

Question 155

Multiple Choice

Exhibit 24-8 Exhibit 24-8 Refer to Exhibit 24-8. A profit-maximizing monopolistic competitive firm that produces the level of output where MR = MC will produce ______________ units of output and charge a price of ______________. A) 3; $260 B) 4; $232.50 C) 5; $210 D) 6; $191.67 E) 7; $175.71 Refer to Exhibit 24-8. A profit-maximizing monopolistic competitive firm that produces the level of output where MR = MC will produce ______________ units of output and charge a price of ______________.


A) 3; $260
B) 4; $232.50
C) 5; $210
D) 6; $191.67
E) 7; $175.71

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