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Fig 1: Short-Run Equilibrium in a Monopolistic Competition Market PRICE ($/GALLON) MC A P1 ATC P3 B P2 C DEMAND MR Q3 O Q1 Q2

Fig 1: Short-Run Equilibrium in a Monopolistic Competition Market PRICE ($/GALLON) MC A P1 ATC P3 B P2 C DEMAND MR Q3 O Q1 Q2 QUANTITY

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