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  3. Study Set
    Economics Today Study Set 1
  4. Exam
    Exam 25: Monopolistic Competition
  5. Question
    -The Above Figure Shows the Situation of a Monopolistic Competitor
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-The Above Figure Shows the Situation of a Monopolistic Competitor

Question 3

Question 3

Multiple Choice

  -The above figure shows the situation of a monopolistic competitor in the short run. The maximum economic profits of the firm equal A)  $50,000. B)  $30,000. C)  15,000. D)  zero.
-The above figure shows the situation of a monopolistic competitor in the short run. The maximum economic profits of the firm equal


A) $50,000.
B) $30,000.
C) 15,000.
D) zero.

Correct Answer:

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