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    Microeconomics Study Set 2
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    Exam 13: Monopolistic Competition: the Competitive Model in a
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    Figure 13-11 -Refer to Figure 13-11.The Firm Represented in the Diagram
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Figure 13-11 -Refer to Figure 13-11.The Firm Represented in the Diagram

Question 250

Question 250

Multiple Choice

Figure 13-11
Figure 13-11    -Refer to Figure 13-11.The firm represented in the diagram A) makes zero economic profit. B) makes zero accounting profit. C) should exit the industry. D) should expand its output to take advantage of economies of scale.
-Refer to Figure 13-11.The firm represented in the diagram


A) makes zero economic profit.
B) makes zero accounting profit.
C) should exit the industry.
D) should expand its output to take advantage of economies of scale.

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