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Figure: Monopolistic Competition 3 Two graphs show the M R , M C , and D lines for markets A and B . In the

Figure: Monopolistic Competition 3Two graphs show the M R, M C, and D lines for markets A and B. In the graph for market A, the vertical axis represents P and marks the values 5,7, and 10 dollars. The horizontal axis represents Q and marks the values 90,125, and 180. A negative sloping line labeled D starts from a point above 10 dollars on the vertical axis. Another line labeled M R starts from the same point as line D and has a steeper negative slope than line D. A horizontal line labeled M C starts from 5 dollars on the vertical axis. M C equals A C. Two points on line D correspond to (90,10) and (125,7) as denoted by dashed lines. The line D intersects M C at (180,5) as denoted by dashed lines. M R intersects M C at (90,5) as denoted by dashed lines. The monopolistically competitive firm in this diagram is in _____ equilibrium and charging a price of _____.Group of answer choicesshort-run; $11long-run; $14long-run; $8short-run; $8

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