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hhjjknkjnbhvgcfxdfcgvhbjn (i) Use the graph below to explain the output, profit and loss conditions for monopolistically competitive firms. Show your work where appropriate in reference

hhjjknkjnbhvgcfxdfcgvhbjn
(i) Use the graph below to explain the output, profit and loss conditions for monopolistically competitive firms. Show your work where appropriate in reference to the Graph. Firm Lan T-shirt monopolistic competitive firm Price 25 25 20 15 DD 10 5 MR 10 20 30 40 50 60 70 80 90 Supply (ii) With examples, examine the barriers to business entry for imperfect competition firms

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