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

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Figure 8-3 Price and cost per unit AVC Pa Po Demand MR Quantity Figure 12-3 shows short-run cost and demand curves for a monopolistically competitive firm in the market for designer watches. 18) Refer to Figure 8-3. the firm represented in the diagram is currently pmaking positive economic profit equals to area ---- A) P2 P3 d c B) P2 P1 b c C) Po P1 b c D) this firm is not making any profit

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