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Use the Following for Questions 22-31

Question 118

Multiple Choice

Use the following for questions 22-31.
Exhibit: Profit Maximization in Monopolistic Competition
Use the following for questions 22-31. Exhibit: Profit Maximization in Monopolistic Competition -(Exhibit: Profit Maximization in Monopolistic Competition) In Panel (a) , if the firm raises its price above P, it will: A) lose all its customers. B) still have some customers. C) not lose any customers. D) have none of the above occur.
-(Exhibit: Profit Maximization in Monopolistic Competition) In Panel (a) , if the firm raises its price above P, it will:


A) lose all its customers.
B) still have some customers.
C) not lose any customers.
D) have none of the above occur.

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