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-In the Above Figure, the Monopolistically Competitive Firm Produces

Question 206

Multiple Choice

-In the above figure, the monopolistically competitive firm produces A) Q<sub>3</sub> and sets the price at P<sub>3</sub>. B) Q<sub>2</sub> and sets the price at P<sub>2</sub>. C) Q<sub>1</sub> and sets the price at P<sub>1</sub>. D) Q<sub>1</sub> and sets the price at P<sub>5</sub>.
-In the above figure, the monopolistically competitive firm produces


A) Q3 and sets the price at P3.
B) Q2 and sets the price at P2.
C) Q1 and sets the price at P1.
D) Q1 and sets the price at P5.

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