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Problem 10 Complete the table based on a monopolistically competitive firm Output Price Total Marginal Total cost Average Marginal Profits revenue revenue total cost costs

Problem 10

Complete the table based on a monopolistically competitive firm Output Price Total Marginal Total cost Average Marginal Profits revenue revenue total cost costs $16 $4 -$4 12 $12 6 $6 $2 2 20 10 4 3 6 -2 15 5 5 4 16 -2 24 6 5 2 -6 40 8 16

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