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Refer to Figure 26

Question 83

Multiple Choice

Refer to Figure 26.4 for a monopolistically competitive firm. In the long run this firm will charge a price of ________ and produce an output of _______. A) P<sub>2</sub>; Q<sub>1</sub> B) P<sub>4;</sub> Q<sub>3</sub> C) P<sub>1;</sub> Q<sub>2</sub> D) P<sub>3;</sub> Q<sub>4</sub> Refer to Figure 26.4 for a monopolistically competitive firm. In the long run this firm will charge a price of ________ and produce an output of _______.


A) P2; Q1
B) P4; Q3
C) P1; Q2
D) P3; Q4

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