(Table: Spring Water) The table Spring Water shows the demand and cost data for a firm in a monopolistically competitive industry producing drinking water from underground springs.At the profit-maximizing output, profit is:
A) $8.83.
B) $10.00.
C) $60.00.
D) $7.00.
Correct Answer:
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Q156: In long-run equilibrium in perfect competition:
A)price is
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A)price is
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A)marginal cost
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