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Figure 16-4 ​

Question 199

Multiple Choice

Figure 16-4
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Graph (a)
Figure 16-4 ​ ​ Graph (a) Graph (b) Graph (c) Graph (d) ​ ​ -Refer to Figure 16-4. Graph (b) is consistent with a firm in a monopolistically competitive market that is A) not in long-run equilibrium. B) earning a positive economic profit. C) producing its efficient scale of output. D) in long-run equilibrium.

Graph (b)
Figure 16-4 ​ ​ Graph (a) Graph (b) Graph (c) Graph (d) ​ ​ -Refer to Figure 16-4. Graph (b) is consistent with a firm in a monopolistically competitive market that is A) not in long-run equilibrium. B) earning a positive economic profit. C) producing its efficient scale of output. D) in long-run equilibrium.

Graph (c)
Figure 16-4 ​ ​ Graph (a) Graph (b) Graph (c) Graph (d) ​ ​ -Refer to Figure 16-4. Graph (b) is consistent with a firm in a monopolistically competitive market that is A) not in long-run equilibrium. B) earning a positive economic profit. C) producing its efficient scale of output. D) in long-run equilibrium.

Graph (d)
Figure 16-4 ​ ​ Graph (a) Graph (b) Graph (c) Graph (d) ​ ​ -Refer to Figure 16-4. Graph (b) is consistent with a firm in a monopolistically competitive market that is A) not in long-run equilibrium. B) earning a positive economic profit. C) producing its efficient scale of output. D) in long-run equilibrium.
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-Refer to Figure 16-4. Graph (b) is consistent with a firm in a monopolistically competitive market that is


A) not in long-run equilibrium.
B) earning a positive economic profit.
C) producing its efficient scale of output.
D) in long-run equilibrium.

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