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15. Chapter ma2pe09r, Section .16, Problem 033 (ID: 033.16.MANK09) Figure 16-2 This figure depicts a situation in a monopolistically competitive market. 100 90 80 70

15. Chapter ma2pe09r, Section .16, Problem 033 (ID: 033.16.MANK09) Figure 16-2 This figure depicts a situation in a monopolistically competitive market. 100 90 80 70 PRICE 40 30 20 10 10 20 30 40 50 60 70 80 90 100 QUANTITY Refer to Figure 16-2. What price will the monopolistically competitive firm charge in this market? Oa. $70 Ob. $80 Oc. $60 Od. $75

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