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Coverings Clothing Company, a monopolistic competitor in the clothing industry, is currently selling its product at the profit-maximizing level at coordinate ( Q u a

Coverings Clothing Company, a monopolistic competitor in the clothing industry, is currently selling its product at the profit-maximizing level at coordinate ( Q u a n t i t y , P r i c e ) , or ( Q , P ) . At this coordinate, Q = 12 and P = $ 50

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