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A monopolistically competitive firm is in equilibrium with P=100-10Q, MR=100-20Q and MC=20. ATC will equal a. 20. b. 40. c. 60. d. 80. e. Cannot

A monopolistically competitive firm is in equilibrium with P=100-10Q, MR=100-20Q and MC=20. ATC will equal

a. 20.

b. 40.

c. 60.

d. 80.

e. Cannot tell from the information provided.

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