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The first graph below is for Chic and Sharpe Ltd., a firm in the women's garment industry, which is monopolistically competitive. a. Label the four

The first graph below is for Chic and Sharpe Ltd., a firm in the women's garment industry, which is monopolistically competitive. a. Label the four curves in the first graph. (0.5 mark)

Price Pi Q1 02 Quantity per periodCosts and revenues P C Quantity per periodMC AC costs and revenues Quantity per period

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