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Hi, in my economics class, we are looking at Monopolistic Competitive firm. We were given some practice questions to answer before our test, but I

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Hi, in my economics class, we are looking at Monopolistic Competitive firm. We were given some practice questions to answer before our test, but I am having trouble with this one. Could someone explain this to me? All information is provided in pictures.

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Choose. $600 $1,125 1000 $1,400 $900Q: Answer the following using the figure below for a Monopolistic Competitive firm. P, Costs $2,500 ($/unit) $2,000 MC $1,500 ATC $1,000 D D (=P) $500 MR 1 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 95 Quantity (Q) (1,000 of units) cost at MR=MC Choose... # average total cost per unit at profit maximizing price/quantity Choose... + profit maximizing price Choose... #

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