Exhibit 14-2 The following diagram depicts monopolistically competitive firms. Refer to Exhibit 14-2.The firm illustrated in Graph A above maximizes profits (minimizes losses)by producing at level of output ____ and charging price ____. A) q₁; P₁ B) q₂; P₁ C) q₁; P₂ D) q₂; P₂

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The Answer of Exhibit 14-2 The following diagram depicts monopolistically competitive firms. Refer to Exhibit 14-2.The firm illustrated in Graph A above maximizes profits (minimizes losses)by producing at level of output ____ and charging price ____. A) q₁; P₁ B) q₂; P₁ C) q₁; P₂ D) q₂; P₂

Exhibit 14-2 the Following Diagram Depicts Monopolistically Competitive Firms