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Answer the Question Based on the Demand and Cost Schedules

Question 46

Multiple Choice

Answer the question based on the demand and cost schedules for a monopolistically competitive firm given in the table below. Answer the question based on the demand and cost schedules for a monopolistically competitive firm given in the table below. What price will this monopolistically competitive firm charge to maximize profits? A) $16 B) $12 C) $20 D) $8 What price will this monopolistically competitive firm charge to maximize profits?


A) $16
B) $12
C) $20
D) $8

Correct Answer:

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