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    Microeconomics Student Value
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    Exam 13: Monopolistic Competition: the Competitive Model in a More Realistic Setting
  5. Question
    Figure 13-4 Figure 13-4 Shows Cost and Demand Curves
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Figure 13-4 Figure 13-4 Shows Cost and Demand Curves

Question 124

Question 124

Multiple Choice

Figure 13-4 Figure 13-4   Figure 13-4 shows cost and demand curves for a monopolistically competitive producer of iced-tea. -Refer to Figure 13-4.What is the firm's profit-maximizing price? A) $12 B) $13 C) $14 D) $16 Figure 13-4 shows cost and demand curves for a monopolistically competitive producer of iced-tea.
-Refer to Figure 13-4.What is the firm's profit-maximizing price?


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

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