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Price MC 70 60 A 50 B C D E 40 30 F Demand 20 Quantity Figure 4 22. Refer to Figure 4. A firm

Price MC 70 60 A 50 B C D E 40 30 F Demand 20 Quantity Figure 4 22. Refer to Figure 4. A firm with market power (i.e., the ability to set its own price), will charge which of the following prices? a. $40 b. $50 c. $55 d. $70

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