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The diagram below illustrates the demand, marginal revenue, and cost curves RPC for a monopolistically competitive firm. MC 20 ATC 17 D Q 4 18

The diagram below illustrates the demand, marginal revenue, and cost curves RPC for a monopolistically competitive firm. MC 20 ATC 17 D Q 4 18 25 32 20 MR Which of the following COULD be the long run price for this firm's output? 1. $12. 2. $10. 3. $8

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