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Consider the diagram at the right depicting the revenue and cost conditions faced by a monopolistically competitive rm. 40_ What are the total revenues experienced
Consider the diagram at the right depicting the revenue and cost conditions faced by a monopolistically competitive rm. 40_ What are the total revenues experienced by this rm? $ What are the total costs experienced by this rm? $ What are the economic prots experienced by this rm? $ Revenues and Costs ($ per unit) This rm is more likely in V -run equilibrium because H '_j- A. normal prots will stimulate entry (which is a long-run change). :j- B. normal prots will not stimulate entry (which is a long-run change). :j- C. economic prots will stimulate entry (which is a long-run change). 15, '_- D. None of the above are true. E100 E160 iU-lrrrlrli1'1'rur. O 40 80 120 160 200 240 280 Quantity (units per day)
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