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Question 3: 1 mark The following graph shows a monopolistically competitive firm that generates negative externalities of production. What will be (i) this firm's long-run

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Question 3: 1 mark The following graph shows a monopolistically competitive firm that generates negative externalities of production. What will be (i) this firm's long-run free market price and output, and (ii) the long-run socially allocationy efficient output? (Answers are approximate.) Price and cost MSC MC ASC AC AR MR MR AR O ND N Quantity

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