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-Use the Above Figure

Question 172

Multiple Choice

-Use the above figure. When it maximizes its economic profits, the monopolistically competitive firm depicted in the figure A) is earning an economic profit. B) is earning an accounting profit. C) is earning an economic loss. D) must increase output to reduce the ATC.
-Use the above figure. When it maximizes its economic profits, the monopolistically competitive firm depicted in the figure


A) is earning an economic profit.
B) is earning an accounting profit.
C) is earning an economic loss.
D) must increase output to reduce the ATC.

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