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    Essentials of Economics Study Set 5
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    Exam 9: Monopolistic Competition and Oligopoly
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    Figure 98 Figure 9
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Figure 98 Figure 9

Question 238

Question 238

Multiple Choice

Figure 9.8 Figure 9.8   Figure 9.8 shows cost and demand curves for a monopolistically competitive producer of iced tea. -Refer to Figure 9.8.The firm's profit-maximising price is ______. A)  $12 B)  $13 C)  $14 D)  $16 Figure 9.8 shows cost and demand curves for a monopolistically competitive producer of iced tea.
-Refer to Figure 9.8.The firm's profit-maximising price is ______.


A) $12
B) $13
C) $14
D) $16

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