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D] Question 1 2.5 pts Figure 16-2 This figure depicts a situation in a monopolistically competitive market. MC EXBOX Demand 88 90 OS 10010110114120 Refer to Figure 16-2. What price will the monopolistically competitive firm charge in this market? $60 $75 $80 Question 2 2.5 pts Figure 16-2 This figure depicts a situation in a monopolistically competitive market. Demand 0 S 00 05 1001010115120 Refer to Figure 16-2. At the profit-maximizing level of output, what is this firm's total cost of production? $1,200 $1,400 $1,600 $1875 Figure 16-4 Price Ouently Quantity Refer to Figure 16-4. Which of the graphs depicts a short-run equilibrium that will encourage the exit of some firms from a monopolistically competitive industry? panel a panel b panel paneld |
