Use the figure below to answer the following questions.
Figure 14.2.3
-Refer to Figure 14.2.3. Assume this firm faces demand curve D₂. To maximize economic profit, this firm in monopolistic competition will charge a price of ________ and produce an output of ________ units.
A) $40; 100
B) $90; 220
C) $80; 200
D) $55; 140
E) $70; 100
Correct Answer:
Verified
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