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If a Monopolistically Competitive Firm Is Producing 50 Units of Output

Question 4

Multiple Choice

If a monopolistically competitive firm is producing 50 units of output where marginal cost equals marginal revenue, total cost is $1,674 and total revenue is $2,000, its average profit is


A) $326.
B) $40.
C) $6.52.
D) impossible to determine without additional information.

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