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-The Above Figure Is for a Firm in Monopolistic Competition

Question 37

Multiple Choice

-The above figure is for a firm in monopolistic competition. The diagram represents the short run rather than the long run because the A) firm is making an economic profit. B) MR curve and the D curve do not coincide. C) firm is incurring an economic loss. D) MR curve cuts the ATC curve from below.
-The above figure is for a firm in monopolistic competition. The diagram represents the short run rather than the long run because the


A) firm is making an economic profit.
B) MR curve and the D curve do not coincide.
C) firm is incurring an economic loss.
D) MR curve cuts the ATC curve from below.

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