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Refer to the Above Graph of a Representative Firm in Monopolistic

Question 200

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Refer to the above graph of a representative firm in monopolistic competition. If curve (2) represents ATC and line (3) represents demand, then curve (1) and line (4) would be A) MC and TR, respectively. B) AVC and MR, respectively. C) MC and MR, respectively. D) TC and TR, respectively. Refer to the above graph of a representative firm in monopolistic competition. If curve (2) represents ATC and line (3) represents demand, then curve (1) and line (4) would be


A) MC and TR, respectively.
B) AVC and MR, respectively.
C) MC and MR, respectively.
D) TC and TR, respectively.

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