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Figure 8-3 Price and cost per unit ATC AVC Demand MR Quantity Figure 12-3 shows short-run cost and demand curves for a monopolistically competitive firm

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Figure 8-3 Price and cost per unit ATC AVC Demand MR Quantity Figure 12-3 shows short-run cost and demand curves for a monopolistically competitive firm in the market for designer watches. 16) Refer to Figure 8-3. If the firm represented in the diagram is currently producing and selling Qa units, what is the firm's ATC at that level of output? A) PO B) P1 C) P2 D) P3

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