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Draw the graph ofa monopoliaticallv competitive firm in long run equilibrium. Label the profit maximizing level of output mc and the price the firm will

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Draw the graph ofa monopoliaticallv competitive firm in long run equilibrium. Label the profit maximizing level of output mc and the price the firm will charge Pmc. Next label the allocativelv efficient level of output [la and the corresponding price Pa. How is the market negatively.' impacted bv monopolistic competition? Shade in the lo55 to society.r on the graph

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