Use the figure below to answer the following questions.
Figure 14.2.1
-Refer to Figure 14.2.1. If this firm is in monopolistic competition, then it will charge a price
A) of $20 a unit.
B) of $50 a unit.
C) of $40 a unit.
D) of $30 a unit.
E) that is impossible to determine without information concerning the behaviour of the rival firms.
Correct Answer:
Verified
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