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Figure: The Restaurant Market 
-(Figure: The Restaurant Market) The figure The Restaurant Market shows curves facing a typical restaurant. Assume that many firms, differentiated products, and easy entry and exit characterize the restaurant market. For the restaurant shown here, the profit-maximizing price is:
A) P1.
B) P2.
C) P3.
D) Not enough information is given to answer the question.
Correct Answer:
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Figure: Firms
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Figure: Profits
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Figure: Profits
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Figure: The
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Figure: The
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Figure: Profits
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Figure: The
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Figure: Profits
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Figure: The
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