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The graph below represents the costs of production for a monopolistically competitive firm. Assuming the firm is producing at the profit-maximizing level of output, (Q*,P*) , where Q = 40 and P * =$16 . Assume average cost is $14.50

Question 9 The graph below represents the costs of production for a monopolisticall competitive firm. Assuming the firm is pr
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Date 11 Page I given : - Profit Maximizing level of output have Q* = 40_and p* =$16A C = $14.5 _ Tota RA:trueLL = ( x 8 = $16

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