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micro economic A monopolistically competitive rm faces the following demand schedule for its product. In addition, the rm has total fixed costs equal to 20.

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micro economic

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A monopolistically competitive rm faces the following demand schedule for its product. In addition, the rm has total fixed costs equal to 20. Prim Qlllty $30 1 $26 2 $22 3 $13 4 $14 5 $10 6 $6 7 If he rm produces its prot-maximizing level of output and there is a constant marginal cost of $? per unit. which of the following is incorrect? This rm should expect its demand curve to shift to the left. This rm charges a price of $22 to maximize its prot. This rm produces 3 units to maximize its prot. Firms will leave the market and prots for rms that remain in the market will rise. 0000

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