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The graph below represent how a monopolistic competitor chooses quantity and price Kindly explain the group in detail for a presentation 35 30 Marginal cost

The graph below represent how a monopolistic competitor chooses quantity and price

Kindly explain the group in detail for a presentation

35 30 Marginal cost 25 Total profit 20 (40, $16) 15 Price ($) Average cost 10 Total cost 5 Demand 5 Marginal revenue -10 0 10 20 30 40 50 60 70 80 90 Quantity

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