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GRAPH #1: Price and cost (dollars per unit] 80 MC ATC 20 MR 20 40 60 80 100 Quantity [units per week) Graph #2: ATC

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GRAPH #1: Price and cost (dollars per unit] 80 MC ATC 20 MR 20 40 60 80 100 Quantity [units per week) Graph #2: ATC MC $19 16 13 10 MR 100 160 180 210 Quantity 1. Using Graph #1, The profit maximizing monopolistic competitive firm will produce the quantity Choose... Long-Run 2. Using Graph #1. The profit maximizing monopolistic competitive firm will set the price of Short-Hun 40 3. Using Graph #1. The profit maximizing perfectly competitive firm will set the price of $60 $0.00 4. Using Graph #1. This monopolistic competitive firm will produce a profit or a loss in the amount of _ at the quantity where the firm maximizes profit $35.00 $480 6. Using Graph #1. This monopolistic competitive firm is operating in the (Short-Run/Long-Run) $6.00 6. Using Graph #2. This monopolistic competitive firm is operating in the (Short-Run/Long-Run] $13.00 $30.00 7. Using Graph #2. This monopolistic competitive firm will produce a profit or a loss in the amount of at the quantity where the firm maximizes profits 8. Using Graph #2. The amount of DWL is Choose... 9. Using Graph #2. The mark up is_ Choose... 10. Using Graph #2. If consumers now believe there are perfect substitutes for this product, then the price will be Choose

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