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liz 11 (Chapt Figure 16-5 The figure is drawn for a monopolistically competitive firm. MC PRICE 140 ATC 123.33 Demand 90 56.67 MR 100 133.33
liz 11 (Chapt Figure 16-5 The figure is drawn for a monopolistically competitive firm. MC PRICE 140 ATC 123.33 Demand 90 56.67 MR 100 133.33 QUANTITY Refer to Figure 16-5. Given this firm's cost curves, if the firm were perfectly competitive rather than monopolistically competitive, then in a long-run equilibrium it would produce O a. between 100 and 133.33 units of output. O b. 133.33 units of output. O c. more than 133.33 units of outout. d. less than 100 units of output. O Icon Key
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