The table below summarizes the information possessed by a firm in a monopolistically competitive market. Quantity demanded is in thousands of units.
-Refer to the table above.If this market were perfectly competitive,the long-run equilibrium price would be ________.
A) $2.00 higher
B) $1.45 higher
C) $1.10 lower
D) $1.30 lower
Correct Answer:
Verified
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