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PLEASE HELP ME URGENTLY!! Please Graphing: 5. Draw the graph of a monopolistically competitive rm in long run equilibrium. Label the prot maximizing level of

PLEASE HELP ME URGENTLY!! Please

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Graphing: 5. Draw the graph of a monopolistically competitive rm in long run equilibrium. Label the prot maximizing level of output ch and the price the rm will charge Pmc. Next label the allocatively efcient level of output Qa and the corresponding price Pa. Shade in the loss to society on the graph. 6. Draw side by side graphs of a monopolistically competitive market and a rm operating in that market earning short run losses. a. What must be true in order for this rm to be operating while incurring a loss? b. Show how the market graph will adjust in the long run due to the short run losses. 0. Show what will happen to demand at the representative rm and the impact this will have on the economic prot earned by the rm. :1. How does this long run equilibrium compare to that of a perfectly competitive rm

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