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Figure 104 Figure 10

Question 20

Multiple Choice

Figure 10.4 Figure 10.4 Figure 10.4 shows short-run cost and demand curves for a monopolistically competitive firm in the market for designer watches. -Refer to Figure 10.4.If the firm represented in the diagram is currently producing and selling Q<sub>a </sub>units, what is the price charged? A) P<sub>0</sub> B) P<sub>1</sub> C) P<sub>2</sub> D) P<sub>3</sub> Figure 10.4 shows short-run cost and demand curves for a monopolistically competitive firm in the market for designer watches.
-Refer to Figure 10.4.If the firm represented in the diagram is currently producing and selling Qa units, what is the price charged?


A) P0
B) P1
C) P2
D) P3

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