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YOU WILL USE THIS INFO FOR THIS QUESTION AND THE NEXT TWO QUESTIONS. Your firm operates in a monopolistically competitive market. The demand for your
YOU WILL USE THIS INFO FOR THIS QUESTION AND THE NEXT TWO QUESTIONS. Your firm operates in a monopolistically competitive market. The demand for your firm's product is: QDEMANDED = 92 - (1/2)*P Assume your ATC = MC and this never changes; ATC = MC = 136, for ANY level of output (Q). What is the quantity of output (Q) your firm will produce as it seeks to maximize profits (or minimize losses)? (Notice I am NOT asking 'Which comes closest". I am asking for the exact answer.) Multiple Choice Q = 10 Q = 12 Q = 9 None of the above
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